Details regarding the allotment are given in the attached letter.
TCC · price
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Awaiting price reaction for this filing.
TCC Concept Ltd has allotted 76,112 fully paid-up equity shares at Rs. 557.9445 per share (including a premium of Rs. 547.9445 over the Rs. 10 face value), aggregating to about Rs. 4.25 crore. The shares were issued to Mukesh Sharma Family Trust (a non-promoter, existing shareholder of Pepperfry Limited) on a preferential basis for consideration other than cash, as part of a share swap deal. This allotment gives TCC Concept an additional 0.23% stake in Pepperfry Limited, taking its total holding on a fully diluted basis to 98.98%. The allotted shares will rank pari-passu with existing equity shares.
For shareholders, this is a non-cash, marginally dilutive issuance — only ~76K new shares were issued, so equity dilution is minimal. The deal strengthens TCC Concept's near-total ownership in Pepperfry but no immediate positive cash catalyst for the stock.