Pidilite Ventures Pvt. Ltd. (PVPL), a wholly-owned subsidiary of Pidilite Industries, has transferred its entire shareholding in Pepperfry Limited to TCC Concept Ltd. (TCC) through a 100% Share Swap deal. As a result, PVPL now holds a 2.20% shareholding in TCC. The transaction is confirmed not to be a related party transaction, and PVPL’s promoter group has no interest in TCC.
Stake Transfer Announcement
On January 6, 2026, Pidilite Industries announced that its wholly-owned subsidiary, Pidilite Ventures Pvt. Ltd. (PVPL), has completed a transaction involving its stake in Pepperfry Limited. This transfer is part of a strategic realignment of investments, designed to streamline the company’s portfolio.
Details of the Transaction
The core of the transaction involves PVPL transferring its entire shareholding in M/s. Pepperfry Limited to M/s. TCC Concept Ltd. (TCC). This was executed through a 100% Share Swap deal, tied directly to the acquisition of Pepperfry’s shares by TCC.
Post-Transaction Shareholding
Following the completion of this Share Swap deal, PVPL now holds a 2.20% shareholding in TCC. This indicates a continued, albeit indirect, participation in the entities involved in the transaction. The official communication also specified that the transaction was not classified as a related party transaction, ensuring compliance with standard corporate governance practices.
No Promoter Interest
The announcement explicitly states that the promoter or promoter group of PVPL has no direct interest in TCC. This clarification is provided to ensure transparency and avoid potential conflicts of interest related to the transaction.
Source: BSE
