Popees Baby Care India Approves Rs511 Crore PBCPL Share Swap Acquisition

Board approved SSPA to acquire 99.31% of Popees Baby Care Products via share swap for Rs511 Cr, issuing 2.60Cr shares plus 98.5L warrants at Rs142.44; authorised capital to Rs47Cr; EGM 18 Nov 2026. Ends 22 Sep deferral; converts thin trading shell dependent on target for supply into combined baby-products maker; common-promoter deal backed by two registered valuations. Huge dilution with promoter holding near two-thirds; needs shareholder and exchange nods with completion 15 days after; warrants in 18 months; fairness scrutiny remains.