Popees Baby Care India Limited has announced plans to acquire a 99.31% stake in Popees Baby Care Products Limited (PBCPL) for Rs 511.32 crore through a share swap arrangement. The deal, announced on October 8, 2026, is expected to expand the company's business and bring both entities closer under a single listed company.
The acquisition will be completed through a share subscription and share purchase agreement with existing investors of PBCPL.
Share Capital to Increase to Rs 47 Crore
As part of the transaction, the company's board has approved increasing its authorised share capital from Rs 10.25 crore to Rs 47 crore, subject to shareholder approval.
Popees Baby Care India plans to issue up to 2,60,44,323 equity shares and 98,53,471 fully convertible warrants on a preferential basis. Both will have an issue price of ₹142.44 per share or warrant.
The warrants must be converted into equity shares within 18 months of allotment.
Promoter Holding to Reach 69.63%
The acquisition is expected to benefit shareholders of both companies.
Shareholders of Popees Baby Care India could benefit from the financial performance of PBCPL, while PBCPL shareholders will get access to the capital market through the listed company.
Following the share swap, the promoter group's combined holding in the listed entity is expected to reach 69.63%.
The company also plans to expand its business objectives and grow its revenue while continuing under the same management.
About Popees Baby Care Products
Popees Baby Care Products Limited was incorporated on June 8, 2016. The company operates in the baby care and apparel segments, covering manufacturing, trading, wholesale and retail.
Its product range includes baby products, garments and fashion apparel.
PBCPL reported a turnover of Rs 45.81 crore for the quarter ended June 30, 2026.
The two companies share common promoters, Shaju Thomas and Linta Purayidathil Jose.
EGM Scheduled for November 18
The board has approved an Extraordinary General Meeting (EGM) for November 18, 2026, at 12 noon, to be held through video conferencing.
Shareholders will be able to participate through remote e-voting and the online meeting facility provided through the National Securities Depository Limited (NSDL).
Liya Antony of M/s. Liya & Associates has been appointed as the scrutiniser for the e-voting process.
The relevant date for the preferential issue is October 19, 2026. The transaction and related share issuances remain subject to the required shareholder approvals and applicable procedures.
Key Numbers
- Rs 511.32 crore - Proposed acquisition consideration
- 99.31% - Stake to be acquired in PBCPL
- 69.63% - Expected promoter holding after the share swap
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