Popees Baby Care to Acquire 99.31% of Popees Baby Care Products via Share Swap
Popees Baby Care India Ltd (formerly Hari Govind International Ltd.) announced its Board's approval for the acquisition of 99.31% of Popees Baby Care Products Limited (PBCPL) through a share swap arrangement. This involves a preferential issue of up to 2,60,44,323 equity shares and up to 98,53,471 convertible warrants at an issue price of ₹142.44 per share/warrant. The company also approved an increase in its authorized share capital from ₹10.25 Crore to ₹47 Crore to facilitate this transaction. The relevant date for the preferential issue is fixed as October 19, 2026. The acquisition is subject to shareholder approval and other necessary regulatory clearances. Valuation reports from IBBI Registered Valuers were considered for the issuance.
Key Highlights
- Popees Baby Care India to acquire 99.31% of Popees Baby Care Products.
- Transaction to be executed via share swap through a preferential issue.
- Authorized share capital increased from ₹10.25 Cr to ₹47 Cr.
- Preferential issue of equity shares and warrants at ₹142.44 per unit.
- Acquisition subject to shareholder and regulatory approvals.
Price Impact
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