Booker India Limited (BIL), a prominent player in India's wholesale and retail sector, has announced the acquisition of 100% equity shareholding in THPL Support Services Limited (TSSL) for Rs 166.36 crore. This move is aimed at strengthening its warehousing and logistics capabilities, a crucial step in optimizing its supply chain operations.

Details of the Acquisition

The transaction involves BIL purchasing TSSL from Trent Hypermarket Private Limited (THPL). As per regulatory filings, this is a related party transaction but executed at arm's length, ensuring fairness in valuation and compliance with corporate governance norms. The acquisition is expected to be completed by March 31, 2025.

TSSL: A Growing Warehousing Business

THPL Support Services Limited (TSSL) is primarily engaged in warehousing and related services. Over the past three years, its financial performance has shown consistent growth:

• FY 2022 Turnover: Rs 23.11 crore

• FY 2023 Turnover: Rs 34.27 crore

• FY 2024 Turnover: Rs 42.35 crore

With this acquisition, Booker India aims to consolidate its logistics and warehousing functions, driving operational efficiencies and ensuring seamless distribution networks across India.

Strategic Impact on Booker India’s Business

This move aligns with Booker India's broader expansion strategy, helping it enhance supply chain reliability and manage inventory effectively. The warehousing industry in India has seen rapid growth, and this acquisition places Booker India in a stronger position to leverage this trend.

No Regulatory Approvals Required

One key aspect of this transaction is that no governmental or regulatory approvals are required, allowing a smooth transition of ownership and operational control.

Financial Aspects of the Deal

The acquisition will be made in cash for Rs 166.36 crore, making it a direct and seamless transaction for Booker India. This investment is expected to yield long-term benefits by streamlining logistics and distribution for its operations.

Conclusion: A Strategic Growth Move

With this acquisition, Booker India reinforces its commitment to strengthening its supply chain infrastructure. This will enhance its ability to serve customers efficiently while positioning itself as a key player in India's evolving warehousing and logistics sector.

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