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

TCC Concept Ltd. has approved the acquisition of an additional 9,225 compulsorily convertible preference shares 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. 661.47 crores. 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 expected to be completed by December 15, 2025.