Archive · 9 Oct 2026
Popees Baby Care India to Acquire 99.31% Stake in PBCPL
Popees Baby Care India plans to take almost all of another company, Popees Baby Care Products Limited.
The deal is valued at ₹511.32 crore.
Instead of paying only cash, Popees Baby Care India will exchange newly issued shares and warrants for shares in the other company.
The company also wants to increase the number of shares it is allowed to issue.
Shareholders must approve the proposed capital increase.
The company says the deal could help combine the businesses and give the target company access to the capital market.
The promoters’ combined holding is expected to be 69.63% after the swap.
Shareholders will discuss the proposals at an online meeting on 18 November 2026.
Popees Baby Care India announced plans to acquire a 99.31% stake in Popees Baby Care Products Limited for ₹511.32 crore through a share swap.
The company plans to issue up to 2,60,44,323 equity shares and 98,53,471 convertible warrants at ₹142.44 each.
The board approved increasing authorised share capital from ₹10.25 crore to ₹47 crore, subject to shareholder approval.
The acquisition is expected to consolidate promoter holdings at 69.63% and give the listed company access to PBCPL’s business and financial strength.
Shareholders are scheduled to consider the proposals at a video-conference EGM on 18 November 2026.
- Who
- Popees Baby Care India Limited and Popees Baby Care Products Limited (PBCPL); the companies share promoters Shaju Thomas and Linta Purayidathil Jose.
- What
- Popees Baby Care India plans to acquire a 99.31% stake in PBCPL for ₹511.32 crore through a share swap.
- When
- The company announced the plan on 8 October 2026; the EGM is scheduled for 18 November 2026.
- Where
- The EGM will be held by video conference; the articles do not specify a location for the acquisition.
- Why
- The company says the transaction could let its shareholders benefit from PBCPL’s financial strength and give PBCPL shareholders access to the capital market.
Potential benefits
Approval and execution conditions
Expected business and capital-market benefits
Potential benefits
The company says the transaction could allow Popees Baby Care India shareholders to benefit from PBCPL’s financial strength and give PBCPL shareholders access to the capital market.
Approval and execution conditions
These are stated expected benefits; the articles do not report that they have been achieved.
Required approvals
Potential benefits
The board approved increasing authorised share capital and the company has proposed the share-swap transaction.
Approval and execution conditions
The capital increase is subject to shareholder approval, and shareholders are scheduled to consider the proposals at the EGM.
- Acquisition stake
- 99.31% of Popees Baby Care Products Limited
- Aggregate consideration
- ₹511.32 crore
- Transaction method
- Share subscription and share purchase arrangement using a share swap
- Issue price
- ₹142.44 per equity share or warrant
- Promoter holding after swap
- 69.63%
- PBCPL turnover
- ₹45.81 crore for the quarter ended 30 June 2026
- EGM
- 18 November 2026 at 12:00 p.m., by video conference