In a major disclosure today, White Organic Retail Ltd's Board of Directors approved the terms of the acquisition of Seven Billion Breaths Private Limited, owner of the Diva Yoga business, in exchange for shares on a cashless basis. The board meeting took place on March 26, 2025.
Acquisition plan is via issuance of White Organic Retail Ltd's equity shares in place of Seven Billion Breaths' holdings, without making any cash outlays. It aligns with the company's strategy for development in the wellness segment, ie, the lifestyle and yoga business.
The board meeting also discussed other important issues, such as finalizing the date of the company's first Extraordinary General Meeting (EGM) for the financial year 2025-26. The EGM will likely consider the shareholders' approval of the acquisition and other related matters.
White Organic Retail Ltd, as a retail and organic food business, considers this acquisition to be a business diversification step as well as accessing the burgeoning wellness market. Seven Billion Breaths' Diva Yoga business will complement White Organic's current business and build on its client base.
The company's share price closed at ₹4.89 on the BSE today, up 4.94% compared to yesterday. This is a good market reception, indicating investors' confidence in the acquisition.
Industry analysts see this action as part of a general trend towards consolidation within the organic lifestyle and wellness industries. The cashless share swap option is seen as a savvy economic move, keeping the company with its cash reserves in place and while searching for means to expand.
The news from the management of White Organic Retail Ltd will be followed by more news about the acquisition and how it will affect the company's future growth trend in the days to come.
Source: Financial Express