FirstCry restructures hygiene vertical; consolidates Solis under Swara Baby
FIRSTCRY · price
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FirstCry board approved intra-group restructuring. Swara Baby (subsidiary) will acquire 100% in Solis Hygiene via share swap. FirstCry stake in Swara Baby rises from 75.92% to 76.59%. Solis Hygiene (FY25 turnover Rs 240.7 Cr, about 3% of consolidated) becomes step-down subsidiary. Acquisition cost Rs 84.40 Cr. Move consolidates the complete hygiene vertical under one roof. Also: Ms. Neha Surana resigned as Company Secretary; Mr. Mandar Joshi appointed from Dec 27.
Minor intra-group restructuring with no major cash outflow. Consolidates hygiene business for cleaner reporting. Likely neutral for shareholders.