Cosmo First Acquires Prolife Speciality Vet Clinic LLP for Petcare Expansion

Cosmo First Limited (CFL) has announced the acquisition of Prolife Speciality Vet Clinic LLP, a veterinary clinic based in Mumbai, through a business transfer agreement on an "as is where is" basis via a slump sale. This strategic move is expected to accelerate the growth of the veterinary services under the company's Petcare division, Zigly.

The acquired business encompasses all assets and liabilities of the seller, excluding certain specified items, along with the brand name, goodwill, logo, social media handles, backend support software, employees, vendor contracts, and the entire customer database. The current annual run rate of Prolife Speciality Vet Clinic LLP is ₹4.36 crore.

This acquisition is not a related party transaction. The business has been in operation since 2000. The turnover for the last three financial years was ₹0.83 crore in FY24, ₹0.83 crore in FY25, and ₹1.95 crore in FY26. The consideration for the acquisition is in cash, to be paid in six installments, with each installment conditional on the seller fulfilling their obligations under the agreement. The specific consideration amount is confidential. As this is an acquisition of a business via slump sale, the percentage of shareholding acquired is not applicable.

The completion of the transaction is scheduled within 20 days from the execution date of the Business Transfer Agreement, or as mutually agreed upon, and is contingent upon the fulfillment of all completion actions by the seller.