Popees Baby Care Acquisition: Board Approves Rs.511.32 Crore Share Swap Deal
Board Approves Acquisition of Popees Baby Care Products
The Board of Directors has approved an agreement to acquire Popees Baby Care Products Limited through a share subscription and purchase arrangement.
The Board has approved a Share Subscription and Share Purchase Agreement to acquire a 99.31% stake in Popees Baby Care Products Limited. The transaction will be carried out through a share swap arrangement with the target company's investors, rather than an all-cash payment.
Acquisition Details and Financial Performance
- Acquisition Value: Rs.511.32 crore, to be completed through a share swap arrangement.
- Equity Shares to Be Issued: Up to 2.60 crore equity shares.
- Convertible Warrants: 98.53 lakh fully convertible warrants.
- Issue Price: Rs.142.44 per equity share and warrant.
- Expected Promoter Holding: The promoters' consolidated holding in the listed company is expected to rise to 69.63% following the transaction.
- Target Company: Popees Baby Care Products Limited manufactures and trades baby products and fashion apparel.
- FY 2025–26 Turnover: Rs.161.93 crore.
- FY 2024–25 Turnover: Rs.135.30 crore.
- Strategic Outcome: The acquisition will give the listed company a majority stake in Popees Baby Care's business.
Popees Baby Care Products Limited reported turnover of Rs.161.93 crore in FY 2025–26, compared with Rs.135.30 crore in FY 2024–25. The proposed acquisition will be executed through the issuance of equity shares and fully convertible warrants to the target company's investors under the share swap arrangement.
What to Watch Next
- Investors may track the completion of the share swap transaction and the acquisition of the 99.31% stake in Popees Baby Care Products Limited.
- Updates on the issuance of equity shares and convertible warrants may provide clarity on the listed company's revised ownership structure.
- Investors can also monitor subsequent disclosures for details on the acquisition's impact on the company's financial performance and business operations.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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