Type of Deal: Acquisition of business by way of slump sale on "as is where is" basis
Stake/Capacity: Entire business including all assets and liabilities (excluding excluded assets and liabilities), brand name, goodwill, logo, social media handles, backend support software with licenses, all employees/consultants, third-party suppliers/vendors/contracts, customer database, access rights/passwords, and historical transaction data
Deal Value: Consideration not disclosed for reasons of confidentiality. Structure involves lumpsum consideration to be paid in six installments, each conditional upon full and timely fulfilment of all obligations by the seller.
Funding Source: Not disclosed
Financial Impact: Target entity's current annual run rate is ₹4.36 crore. Historical turnover: FY24 - ₹0.83 crore, FY25 - ₹0.83 crore, FY26 - ₹1.95 crore. Specific financial impact on Cosmo First not disclosed.
Timeline: Completion date is 20 days from execution date or such other date as mutually agreed. Completion occurs upon fulfilment or commencement/initiation of all completion actions by the seller.
Strategic Rationale: The acquisition will accelerate the growth of Veterinary Services of Company's Petcare division (Zigly)
Approval Status: Transaction executed via Business Transfer agreement. No governmental or regulatory approvals required.
Additional Details:
Not a Related Party Transaction
Industry: Petcare
Business has been in operation since year 2000 under the name Prolife Speciality Vet Clinic
Location: Mumbai
Reference Regulation: SEBI Regulation 30 of Listing (Obligations and Disclosure Requirements) Regulations, 2015
