February 6, 2026
Shardul Amarchand Mangaldas & Co. (SAM) advised Norwest Venture Partners on the divestment of its 100% stake in Pepperfry Limited to TCC Concept Limited (an Indian listed entity). The transaction was structured as a share swap, with TCC acquiring 98.98% shareholding of Pepperfry from the existing shareholders.
The transaction involved a cross-border share swap between a resident listed entity and multiple resident and non-resident sellers (including Norwest).
The transaction team was led by Aayush Kapoor, Partner; Roma A. Das, Partner; Pratim Majumder, Associate. The transaction team also received regulatory advisory support from Manita Doshi, Partner.
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