POPEES : TO ISSUE SHARES, WARRANTS WORTH RS 509 CR FOR PBCPL SHARE SWAP

• Board approved preferential issue of up to 2.59 Cr equity shares at ₹142.44/share (FV ₹10 + premium ₹132.44) to promoters and non-promoters of Popees Baby Care Products Ltd (PBCPL) • Equity tranche aggregates ~₹368.76 Cr; consideration other than cash, by way of swap of PBCPL shares • Up to 98.32 lakh fully convertible warrants at ₹142.44 each, worth ~₹140.04 Cr, to the same PBCPL shareholders • Warrants to be converted into equity shares within 18 months from the date of allotment • Promoter Shaju Thomas stake to rise to 51.93% from 47.42% post equity allotment, and 56.83% after warrant conversion

Popees Baby Care India Ltd

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