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TCC Concept’s board has approved the acquisition of a 98.98% stake in online furniture marketplace Pepperfry for about INR 661.47 Cr
With this, TCC will acquire 3.5 Cr equity shares and 30.1 Lakh preference shares of Pepperfry, giving it near-total control of the company on a fully diluted basis
Notably, the startup reported a turnover of INR 164.2 Cr in FY25, down 13% from INR 188.9 Cr in FY24 and a sharp 40% decline from INR 272.4 Cr turnover in FY23.
BSE-listed TCC…
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TCC Concept’s board has approved the acquisition of a 98.98% stake in online furniture marketplace Pepperfry for about INR 661.47 Cr
With this, TCC will acquire 3.5 Cr equity shares and 30.1 Lakh preference shares of Pepperfry, giving it near-total control of the company on a fully diluted basis
Notably, the startup reported a turnover of INR 164.2 Cr in FY25, down 13% from INR 188.9 Cr in FY24 and a sharp 40% decline from INR 272.4 Cr turnover in FY23.
BSE-listed TCC…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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