TCM Ltd to Acquire 100% Stake of Better Feeds Private Limited for Up to Rs.7,65 Crore

TCM Limited has entered into a binding Memorandum of Understanding for the acquisition of 100% stake of Better Feeds Private Limited from its existing shareholders. The acquisition will cost up to Rs.7,65 Crore and is subject to due diligence, regulatory approvals, and execution of a Purchase Sale Agreement (PSA). Better Feeds Private Limited is in the business of manufacturing cattle/poultry feeds and is located at Kanjikode, Palakkad, Kerala-678 621. This acquisition will bring more turnover and profits for TCM Ltd and has possibilities of expansion of the business.