Popees Baby Care Ind

Popees Baby Care India approved the acquisition of 99.31% of Popees Baby Care Products Ltd through a share swap valued at about Rs511.33 crore. The board cleared issuance of up to 2,60,44,323 equity shares and 98,53,471 convertible warrants at Rs142.44 each to shareholders of the target and an increase in authorised capital to Rs47 crore, with an extraordinary meeting set for 18 November. Popees Baby Care Products was incorporated in 2016 and manufactures and trades baby garments and apparel, reporting turnover of Rs161.93 crore in FY26 and Rs45.82 crore in the June quarter. The listed company reported revenue of Rs2.60 crore in FY26 and Rs15.73 crore in the June quarter, entirely from trading garments sourced largely from the target company. Its board outlined a share-swap consolidation with the unlisted company in May at an indicative ratio of about 1.3 to 1 and deferred final consideration from 22 September to 8 October.

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Popees Baby Care India approved the acquisition of 99.31% of Popees Baby Care Products in a share-swap valued at Rs511.33 crore. The board approved execution of a share subscription and purchase agreement dated 8 October and set an issue price of Rs142.44 per share. It approved issuance of up to 2.60 crore equity shares and up to 98.53 lakh convertible warrants to 199 and 83 shareholders of the target respectively. It also approved raising authorised capital to Rs47 crore from Rs10.25 crore and called an extraordinary general meeting for 18 November. The board outlined a share-swap proposal in May and deferred consideration from 22 September to 8 October. The target reported turnover of Rs161.93 crore in the year to March 2026 and Rs45.82 crore in the June quarter. The listed company reported gross revenue of Rs2.60 crore in the year to March, all from garments and textiles trading, and Rs15.73 crore in the June quarter on the same model. Its purchases ran to Rs236.67 lakh in the year to March and Rs1500.28 lakh in the June quarter, with nil inventory and nil property, plant and equipment.

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Feb 3 (Reuters) - Hari Govind International Ltd HARG.BO:

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