Acquisitions9 Oct 2026, 07:30 am
Popees Baby Care Increases Authorized Capital, Acquires PBCPL
AI Summary
Popees Baby Care India Ltd's Board approved a significant increase in Authorized Share Capital from Rs. 10.25 Crore to Rs. 47 Crore. The company also approved the acquisition of 99.31% of Popees Baby Care Products Limited (PBCPL) through a share swap arrangement. This involves issuing up to 2.60 Crore equity shares and 98.53 Lakh convertible warrants at Rs. 142.44 per share/warrant on a preferential basis to PBCPL shareholders. The company has set October 19, 2026, as the relevant date for the preferential issue and scheduled an EGM for November 18, 2026, to seek shareholder approval.
Key Highlights
- Authorized capital increased from Rs. 10.25 Cr to Rs. 47 Cr.
- Acquisition of 99.31% stake in Popees Baby Care Products Ltd approved.
- Preferential issue of equity shares and warrants via share swap.
- Issue price set at Rs. 142.44 per share/warrant.
- EGM scheduled for November 18, 2026, for shareholder approval.
Price Impact
More from HARIGOV
More in Acquisitions