Brainbees Subsidiary Globalbees Lifts Candes Stake to 92%

The latest update is out from Brainbees Solutions Limited ( (IN:FIRSTCRY) ).

Brainbees Solutions Limited has disclosed that its material subsidiary Globalbees Brands has increased its stake in Candes Technology Private Limited, an Indian electronics and audio‑visual goods maker under the Candes brand. Candes, a step‑down subsidiary, reported declining turnover over the past three years and a negative net worth in 2024‑25, underscoring the strategic nature of the move.

Under a Securities Subscription and Purchase Agreement originally signed in March 2022, Globalbees acquired an additional 30% stake in Candes from existing shareholders for a cash consideration of INR 37,250, raising its holding from 62% to 92%. The transaction, completed on March 31, 2026, tightens Brainbees’ control over Candes and signals a deeper commitment to scaling its electronics portfolio despite the target’s recent financial underperformance.

More about Brainbees Solutions Limited

Brainbees Solutions Limited, listed under the symbol FIRSTCRY, operates in the consumer and retail space and is best known for its FirstCry brand, focusing on products for families and households. Through its material subsidiary Globalbees Brands, the company has been building a portfolio of consumer brands, including electronics and home appliances under the Candes label.

Average Trading Volume: 268,789

Technical Sentiment Signal: Sell

Current Market Cap: 108.8B INR

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