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The acquisition was disclosed in the company's IPO prospectus in November 2025, which stated that PW had signed share purchase and shareholders' agreements with Sarrthi IAS and its promoters in September 2025 to acquire up to 85% of the company in six tranches between FY26 and FY31, with the valuation linked to an EBITDA based mechanism

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North Carolina Cigarette Tax - $0.45 / pack In North Carolina, cigarettes are subject to a state excise tax of $0.45 per pack of 20