TCC Concept Ltd. to Acquire 98.98% Stake in Pepperfry Limited for Rs. 661.47 Crores

TCC Concept Ltd. has announced its decision to acquire an additional 9,225 compulsorily convertible preference shares (CCPS) and 14,52,527 equity shares of Pepperfry Limited from its shareholders. This acquisition will result in a cumulative acquisition of 98.98% stake of Pepperfry on a fully-diluted basis. The cost of acquisition is Rs. 6,61,47,44,496.42. Pepperfry, founded in 2012, is India's largest omnichannel furniture and home goods e-commerce marketplace. The acquisition is intended to strengthen TCC's presence in the e-commerce and digital marketplace space, complementing its core focus on technology-driven platforms. The acquisition is subject to approvals from the shareholders of the Company, the stock exchange, and other regulatory authorities. It is expected to be completed by December 15, 2025.