Brainbees Solutions Limited approves fund infusion of Rs. 146 crores in Globalbees Brands Pvt Ltd

The Board of Directors of Brainbees Solutions Limited has approved the fund infusion of an amount not exceeding INR 146,00,00,000/- (Indian Rupees One Hundred and Forty Six Crores Only) by way of subscription to Compulsory Convertible Preference Shares (CCPS) of Globalbees Brands Private Limited ("Globalbees"), a subsidiary of the Company.

In this connection and pursuant to Series C2 Share Subscription Agreement dated March 30, 2025, we hereby further inform that the Company has made an investment of INR 73,00,47,000/- (Indian Rupees Seventy Three Crores and Forty Seven Thousand Only) towards 1st Tranche Series C2 CCPS and Globalbees has allotted 2,220 Series C2 CCPS of face value of INR 5/- each at a premium of INR 3,28,845/- (Indian Rupees Three Lakhs Twenty Eight Thousand Eight Hundred and Forty Five Only) each to the Company on April 04, 2025.

Pursuant to the above issue, the Company will hold 87,059 shares of Globalbees and its shareholding in Globalbees will increase from 50.73% to 51.12% on fully diluted basis.

As part of Series C2 CCPS issuance, Globalbees, a material subsidiary of the Company, has allotted total of 3,041 Series C2 CCPS for an aggregate consideration of INR 1,00,00,32,850/- (Indian Rupees One Hundred Crore Thirty Two Thousand Eight Hundred and Fifty Only) to its existing shareholders with whom the above said Series C2 Share Subscription Agreement has been executed.

Shares of Brainbees Solutions Limited was last trading in BSE at Rs. 357.30 as compared to the previous close of Rs. 368.95. The total number of shares traded during the day was 42359 in over 2160 trades.

The stock hit an intraday high of Rs. 366.75 and intraday low of 351.50. The net turnover during the day was Rs. 15082632.00.

Source : Equity Bulls

Keywords

BrainbeesSolutions FIRSTCRY INE02RE01045 ERetail ECommerce Investment GlobalbeesBrands