TCC Concept Ltd to acquire Pepperfry Ltd

TCC Concept Limited ('the Company' or 'TCC') has executed a Term Sheet with Pepperfry Limited, to acquire up to 100% shares of Pepperfry Limited.

The Proposed Transaction is subject to inter alia completion of satisfactory due diligence of Pepperfry Limited, execution of definitive agreements and fulfilment of the conditions as may be applicable from time to time.

The acquisition of Pepperfry Limited is intended to strengthen TCC's presence in the e-commerce and digital marketplace space, complementing its core focus on technology-driven platforms. By integrating Pepperfry's established furniture and home goods marketplace with TCC's innovation and digital 0expertise, the Company aims to enhance customer experience, create operational synergies, and unlock new growth opportunities. This acquisition is in line with TCC's vision of building scalable and technologyenabled consumer platforms.

Shares of TCC Concept LTD. was last trading in BSE at Rs. 543.35 as compared to the previous close of Rs. 517.50. The total number of shares traded during the day was 49029 in over 171 trades.

The stock hit an intraday high of Rs. 543.35 and intraday low of 534.60. The net turnover during the day was Rs. 26620387.00.

Source : Equity Bulls

Keywords

TCCConcept INE887D01016 Acquisition Pepperfry