Encompass Design India to acquire 100% stake in Bummer for about Rs 4.65 cr
ENCOMPAS · price
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Encompass Design India proposes to acquire 100% of Ballr Apparels (Bummer innerwear and loungewear brand) for Rs 4.65 crores — Rs 4.00 cr via share swap and Rs 65 lakh in cash. Valuation works out to 0.6x FY26 sales and 2.5x FY26 book value. Marks Encompass' entry into apparel, broadening its lifestyle portfolio. Subject to due diligence and definitive agreements, expected to close within six months. Currently based on a non-binding term sheet.
Strategic entry into apparel and innerwear category. Deal value is small at Rs 4.65 cr, but the share-swap component may cause equity dilution.