Brainbees Solutions Limited has informed the Exchange about Acquisition by Globalbees Brands Private Limited, a material subsidiary of the Company, in Cloud Lifestyle Private Limited.
FIRSTCRY · price
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FirstCry's material subsidiary Globalbees Brands Private Limited acquired an additional 10% stake in Cloud Lifestyle Private Limited for Rs. 60.29 Lacs in cash, making Cloud Lifestyle a wholly owned subsidiary of Globalbees. The acquisition was made under an Investment Agreement signed in November 2021 and was completed on August 14, 2025. Cloud Lifestyle operates in the personal care and beauty segment, with revenue growing sharply from Rs. 3.07 Crore in FY23 to Rs. 13.07 Crore in FY24 and Rs. 55.35 Crore in FY25, though it reported a negative net worth of Rs. -3.08 Crore. The transaction is a related party deal done at arm's length, and no government or regulatory approvals were required.
This is a small, internal consolidation move by FirstCry to make its beauty/personal care subsidiary a wholly owned entity. The Rs. 60.29 Lacs deal size is immaterial relative to FirstCry's scale, so direct impact on shareholders is limited, though it signals continued focus on consolidating the beauty portfolio under Globalbees.