Brainbees Solutions’ material subsidiary -- Globalbees Brands has made further investments of Rs 105.15 crore and Rs 1.05 crore in Frootle India and Wellspire India, respectively, step down subsidiaries of the Company.
This is for the acquisition of further stake increasing it to 74% from 51% in subsidiary Frootle India by GlobalBees Brands and the acquisition of further stake increasing it to 74% from 51% in subsidiary Wellspire India by GlobalBees Brands pursuant to the Shareholder's Agreement dated April 23, 2022.
Brainbees Solutions offers products for mothers, babies, and Kids via its online platform 'FirstCry'.
