Acquisitions12 Jun 2026, 04:51 pm
Meesho Acquires Kirana Club for ₹202 Cr
AI Summary
Meesho Ltd announced its Board of Directors has approved the acquisition of 100% of Kirana Club Pte. Ltd. (Singapore) and 0.41% of Retail Pulse Labs Private Limited (India) for an aggregate consideration of ₹2,020.85 crore, payable in three tranches. Kirana Club will become a wholly owned subsidiary, and RPLPL a step-down subsidiary. The acquisition is strategic, aiming to strengthen Meesho's e-commerce presence and capabilities. The transaction is expected to be completed by March 31, 2027, and does not require specific governmental or regulatory approvals. It is not considered a related party transaction.
Key Highlights
- Meesho to acquire Kirana Club and Retail Pulse Labs for ₹2,020.85 crore.
- Acquisition to be completed in three tranches by March 31, 2027.
- Kirana Club will become a wholly owned subsidiary of Meesho.
- Transaction aims to bolster Meesho's e-commerce ecosystem presence.
- Acquisition is not a related party transaction and requires no regulatory approvals.
Price Impact
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