ALPHA TRIBE

EL CID Investments LtdUpdates, 29-07-2025: Company Update

29-07-2025 | 03:32 pm

Elcid Investments has revised its earlier announcement regarding an investment in quick-commerce platform Zepto. The company will invest up to ₹7.5 crore by subscribing to Compulsorily Convertible Preference Shares. This investment is part of Elcid's normal course of business as an NBFC. The revised disclosure clarifies that the stake acquired in Zepto is approximately 0.0146%. Zepto, known for its 10-minute grocery delivery, reported a turnover of ₹11,109.95 crore for the financial year ending March 31, 2025. This move highlights Elcid's strategic investments.

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