In terms of Regulation 30 of SEBI Listing Regulations, we wish to inform that TCM limited has entered into a binding Memorandum of Understanding, today for acquisition of 100% stake of ....
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TCM Limited has signed a binding Memorandum of Understanding to acquire 100% stake in Better Feeds Private Limited, a cattle and poultry feed manufacturer based in Kanjikode, Palakkad, Kerala. The deal is for a cash consideration of up to Rs. 7.65 crore, subject to due diligence, regulatory approvals, and execution of a definitive Share Purchase Agreement. Better Feeds, which owns factory land and modern machinery, will become a wholly-owned subsidiary of TCM Limited. The acquisition is aimed at expanding TCM's manufacturing capacity in the cattle and poultry feed segment. The transaction is not a related party deal.
This acquisition is expected to add revenue and profit to TCM Limited through expanded feed manufacturing capacity. For shareholders, this is a growth-oriented move into a related business segment, though the deal size is relatively small (Rs. 7.65 crore) and the impact on stock price will depend on how the integration adds to earnings.