Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Brainbees Solutions has informed that pursuant to the shareholder’s agreement dated April 23, 2022, Globalbees Brands, a material subsidiary of the Company has made further investments of Rs 105.15 crores and Rs 1.05 crores in Frootle India and Wellspire India, respectively, step down subsidiaries of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023 are enclosed.
The above information is a part of company’s filings submitted to BSE.
