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Brainbees Solutions Limited ( (IN:FIRSTCRY) ) just unveiled an announcement.
Brainbees Solutions Limited has announced that its subsidiary Swara Baby Products Private Limited has completed the acquisition of 100% equity in Solis Hygiene Private Limited from existing shareholders, including Brainbees, through a share-swap transaction. As part of this deal, Brainbees has received an additional 56,26,738 equity shares in Swara Baby in exchange for its 52,890 Series A1 equity shares in Solis Hygiene, increasing Brainbees’ shareholding in Swara Baby from 75.92% to 76.59%, and making Solis Hygiene a wholly owned subsidiary of Swara Baby and a step-down subsidiary of Brainbees, thereby slightly strengthening the parent company’s indirect control and consolidation of its hygiene-focused business within the group structure.
More about Brainbees Solutions Limited
Brainbees Solutions Limited, listed under the symbol FIRSTCRY, operates in the baby and child care products segment through its subsidiaries, including Swara Baby Products Private Limited and Solis Hygiene Private Limited, focusing on consumer hygiene and related baby products in the Indian market.
Average Trading Volume: 62,735
Technical Sentiment Signal: Sell
Current Market Cap: 152.7B INR
For a thorough assessment of FIRSTCRY stock, go to TipRanks’ Stock Analysis page.