Popees plans national, GCC expansion after ₹511-crore merger
Executive Brief • Key Highlights
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- ✓Popees Baby Care India Ltd approved a ₹511.33-crore share-swap deal to acquire Popees Baby Care Products Ltd.
- ✓Managing Director Shaju Thomas said, “This proposed share-swap transaction marks an important milestone in Popees’ growth journey.” The brand now plans to expand across India and the GCC, targeting 1,000 stores in four years.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Popees Baby Care India Ltd (formerly Hari Govind International Ltd) has approved a ₹511.33-crore share-swap transaction to acquire a 99.31 per cent stake in Popees Baby Care Products Ltd.
The transaction marks a strategic move to align the Popees brand and its operating business with the listed entity, providing access to capital markets to support its expansion plans, said a press release.
Shaju Thomas, Managing Director, said: “This proposed share-swap transaction marks an important milestone in Popees’ growth journey. With a diversified product portfolio, manufacturing capabilities across three states and a brand built over more than two decades, we are well positioned to reach more families across India.”
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