StockWatch
·
Software Products
Acquisitions8 Oct 2026, 05:30 pm

Kati Patang Lifestyle to Acquire 10% Stake in Bread Private Limited

AI Summary

Kati Patang Lifestyle Limited announced its Board of Directors has approved the acquisition of a 10% equity stake in Bread Private Limited (Gimme NZ), a New Zealand-based company engaged in food delivery and premium liquor marketing. The acquisition will be conducted via a share swap, with the specifics of a preferential issue for this purpose to be decided later. Bread Private Limited reported a turnover of $272,333 in FY 2025-26. The acquisition is part of Kati Patang's strategic growth initiatives for business expansion and diversification. The deal is subject to valuation reports and the fulfillment of conditions in the Share Purchase Agreement (SPA). The acquisition is expected to be completed within four months of signing the definitive SHA.

Key Highlights

  • Kati Patang Lifestyle to acquire 10% stake in Bread Private Limited (Gimme NZ).
  • Acquisition to be completed via share swap and preferential issue.
  • Bread Private Limited operates in food delivery and liquor marketing in New Zealand.
  • Deal aligns with strategic growth, diversification, and market presence enhancement.
  • Acquisition subject to valuation reports and SPA conditions.