Cosmo First Limited entered into definitive agreement to acquire online sales business of Petcare Products of Petsy Stores Private Limited.

Cosmo First Limited (NSEI:COSMOFIRST) entered into definitive agreement to acquire online sales business of Petcare Products of Petsy Stores Private Limited on June 15, 2023. The Business will be acquired for a lumpsum Cash Consideration mutually agreed, to be paid in three trenches within 12 months of the completion date subject to customary closing and transaction adjustments. The business generated sales revenue of INR 85.9 million for FY 21-22.

The transaction is expected to be completed by June 30, 2023.