The company intends to invest upto Rs 7.5 crore for subscribing to the compulsorily convertible preference shares (CCPS)
Elcid Investments, a non-banking financial company (NBFC), is investing Rs 7.5 crore in Zepto, a quick commerce company. The NBFC will be picking up a 0.039 per cent stake in Zepto as a result of this investment.
“The company intends to invest upto Rs 7.5 crore approximately for subscribing to the compulsorily convertible preference shares (CCPS) of the face value Rs five each, representing on a fully diluted basis 22,55,639 equity shares of the company for an amount of Rs 33.23 per share,” Elcid Investments said a stock exchange filing.
The final aggregate shareholding of the company post completion of said transaction in the said entity would be 0.039 per cent of the share capital of Zepto, the regulatory filing added, while highlighting that the company has acquired and invested in Zepto as a normal course of business of the company being an NBFC.
The turnover of Zepto in the Financial year 2025 stood at Rs 11,109.9 crore, which is significantly higher than Rs 4,454.51 crore in FY24, the exchange filing by Elcid Investments added.
