Announced Thu, 8 Oct, 2026 · 23:57 IST
Board approves share swap to acquire Popees Baby Care Products via preferential issue
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved acquiring 99.31% of Popees Baby Care Products Ltd via share swap. Will issue 2.60 crore equity shares and 98.53 lakh convertible warrants at Rs 142.44 each (total about Rs 511 crore) to PBCPL shareholders. Target is a baby products firm with Rs 161.93 crore turnover in FY26. Promoter Shaju Thomas stake rises from 47.42% to 51.69% post issue. Authorized share capital increased to Rs 47 crore. EGM on November 18, 2026.
Likely market impact
Reverse merger via share swap brings Rs 162 crore baby products business onto listed entity, expanding scale but diluting existing holders.