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Popees Baby Care India to acquire 99.31 pc stake in operating business in Rs 511 crore share-swap deal

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Popees Baby Care India to acquire 99.31 pc stake in operating business in Rs 511 crore share-swap deal

Popees Baby Care India to acquire 99.31 pc stake in operating business in Rs 511 crore share-swap deal

Popees Baby Care India Limited has received approval for a strategic share-swap deal aimed at securing a majority stake in Popees Baby Care Products Limited, which will elevate the promoter's shareholding to 69.63%. As part of its ambitious growth strategy, the company is set to enhance its retail presence, targeting 1,000 stores nationwide by 2026 while also venturing into the Gulf Cooperation Council markets.

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Popees Baby Care India Ltd, formerly Hari Govind International Ltd, has approved a Rs 511.33-crore share-swap transaction to acquire a 99.31 per cent stake in Popees Baby Care Products Ltd, bringing the baby care and kidswear brand's operating business under its listed entity.

The board approved the proposed acquisition at a meeting held on October 24, 2026. Under the arrangement, Popees Baby Care India will issue up to 2.60 crore equity shares and 98.53 lakh fully convertible warrants, aggregating approximately Rs 511.33 crore.

The warrants will be convertible into equity shares within 18 months of allotment. Following the transaction, the promoter holding in the listed entity is expected to increase to 69.63 per cent.

The proposed acquisition is aimed at aligning the Popees brand and its operating business with the listed entity, providing access to capital markets to fund its expansion plans.

30 crore in FY25.



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