FirstCry’s subsidiary, Swara Baby Products Private Limited, will acquire K.A. Enterprises (Hygiene) Private Limited (KA Hygiene). Swara Baby will acquire 100% stake in KA Hygiene, issuing 3,849,572 equity shares. The cost of acquisition is estimated at ₹57.74 Crore. Following the deal, FirstCry’s shareholding in Swara Baby will adjust from 87.29% to 75.92%.
Acquisition Overview
Swara Baby Products Private Limited, a subsidiary of FirstCry, has entered into an agreement to acquire 100% of K.A. Enterprises (Hygiene) Private Limited, referred to as KA Hygiene. This acquisition will be executed through a share subscription agreement and a share purchase agreement, both dated December 22, 2025.
Deal Structure
To acquire KA Hygiene, Swara Baby will issue 3,849,572 equity shares to the existing shareholders of KA Hygiene. The estimated cost of the acquisition is ₹57.74 Crore. Post-issuance, FirstCry’s shareholding in Swara Baby will be adjusted from 87.29% to 75.92%. KA Hygiene will become a wholly-owned subsidiary of Swara Baby.
About KA Hygiene
KA Hygiene, incorporated in India on July 31, 2019, is primarily involved in the manufacturing and trading of hygiene products. The company has recently commenced its business operations.
Financial Details
KA Hygiene’s turnover for the last three financial years is as follows:
* 2024-25: ₹84.01 Crore
* 2023-24: ₹80.42 Crore
* 2022-23: ₹58.45 Crore
The Profit After Tax for 2024-25 was ₹5.22 Crore. Due to the recent commencement of its business operations, turnover, profit after tax, and net worth are currently negligible.
Timeline
The acquisition is expected to be completed on or before December 31, 2025.
Source: BSE
