Meesho Acquires 92.74% of Kirana Club for ₹186.7 Cr
Meesho Limited has completed the acquisition of 92.74% of the share capital of Singapore-based Kirana Club Pte. Ltd. and its Indian subsidiary Retail Pulse Labs Private Limited for an aggregate consideration of ₹1,86,71,12,524.48 (₹186.71 Crore). Following this acquisition, Kirana Club has become a subsidiary of Meesho, and Retail Pulse Labs Private Limited has become a step-down subsidiary. This move aligns with Meesho's strategic objectives to strengthen its presence and capabilities within the e-commerce ecosystem. The acquisition does not constitute a related party transaction, although the promoters of Meesho are directors on the boards of the acquired entities. No governmental or regulatory approvals were required for this transaction.
Key Highlights
- Meesho acquired 92.74% of Kirana Club and Retail Pulse Labs.
- Total consideration for the acquisition was ₹186.71 Crore.
- Kirana Club and its subsidiary RPLPL are now subsidiaries of Meesho.
- Acquisition aims to strengthen Meesho's e-commerce ecosystem presence.
- Transaction is not a related party transaction.
Price Impact
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