The Detail for the acquisition is given in the attached Letter.
TCC · price
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TCC Concept Limited has acquired 100% equity shareholding in Pepcart Logistics Private Limited for Rs. 7.5 Crores in cash. Pepcart was already a step-down subsidiary (via Pepperfry Limited) and has now become a wholly-owned subsidiary, simplifying the group structure. Pepcart operates in logistics and supply chain services with a turnover of around Rs. 66.67 Crore in FY24-25. The transaction is a related-party deal but was done at arm's length. The acquisition has already been completed and no regulatory approvals were required.
The acquisition consolidates control over an existing group entity without bringing in new business, so the impact on shareholders is largely structural rather than transformative. Investors may view the Rs. 7.5 Cr cash outflow as a small, internal group reorganisation rather than a growth-triggering deal.