TCC concept acquires majority stake in Pepperfry for over Rs 5.92 bn

TCC Concept Limited announced on December 8, 2025, that its management committee approved the allotment of 1,06,10,690 equity shares to Pepperfry Limited's shareholders as part of an acquisition. This share swap facilitated the acquisition of an 89.09% stake in Pepperfry, effectively making it a subsidiary of TCC Concept. The total cost of this acquisition on a fully diluted basis amounts to Rs. 5,92,01,76,126.71.

Pepperfry, founded in 2012, operates as India's largest omnichannel furniture and home goods e-commerce marketplace. For the financial year 2025, Pepperfry reported a turnover of Rs. 164.18 Crores. This acquisition is expected to strengthen TCC Concept's presence in the e-commerce and digital marketplace, enhancing customer experience and driving growth opportunities.

The company acquired 3,15,45,391 equity shares and 26,97,439 Compulsorily Convertible Preference Shares, representing the 89.09% stake. TCC Concept received all necessary regulatory approvals for the acquisition, including an in-principal approval from BSE Limited for the preferential issue.