TCC Concept increases stake in Pepperfry to 98.98% for ₹661.47 crore
after close1 source ↓written by the desknot a recommendation
- Pepperfry Limited
- 95.18%
- 98.98%
- acquiring
- 3,50,32,475 equity shares
- for a total
- 30,13,917 CCPS
- a total
- ₹661.47 crore
TCC Concept Limited has expanded its stake in Pepperfry Limited from 95.18% to 98.98%, acquiring 3,50,32,475 equity shares and 30,13,917 CCPS for a total of ₹661.47 crore. This move is significant as it consolidates TCC's control over India's largest furniture e-commerce platform.
The acquisition involves issuing 1,18,55,560 equity shares at ₹557.94 each to Pepperfry's shareholders, enhancing TCC's market position in the growing online retail sector.
Not investment advice. For informational purposes only.