Board approves 99.31% acquisition of Popees Baby Care Products via share swap
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Board approved acquiring 99.31% of Popees Baby Care Products Ltd via share swap. Will issue 2.6 crore equity shares plus 98 lakh convertible warrants at Rs 142.44 per share, aggregate value about Rs 511 crore. Target firm makes and sells baby products with FY26 turnover of Rs 161.93 crore. Authorized capital to rise from Rs 10.25 crore to Rs 47 crore. Same promoters run both firms, making it a related party deal. EGM set for 18 November 2026 for shareholder approval.
Major share dilution from 3.59 crore new shares. Baby products business becomes main line, reshaping the listed entity's revenue base and growth.