Brainbees Solutions Limited ( (IN:FIRSTCRY) ) has issued an announcement.
Brainbees Solutions Limited has announced an investment of INR 73 crore in its subsidiary, Globalbees Brands Private Limited, by subscribing to Series C2 Compulsory Convertible Preference Shares (CCPS). This investment increases Brainbees’ shareholding in Globalbees from 50.73% to 51.12%, signaling a strategic move to strengthen its position and influence within the subsidiary, potentially enhancing its market presence and operational capabilities.
More about Brainbees Solutions Limited
Brainbees Solutions Limited operates in the retail industry, primarily focusing on children’s products and services. The company is known for its brand ‘FirstCry’, which is a leading online and offline retailer for baby and kids’ products, catering to a wide market of parents and caregivers.
YTD Price Performance: -43.20%
Average Trading Volume: 90,499
Current Market Cap: 191.9B INR
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