Globalbees Brands Private Limited, a subsidiary of Brainbees Solutions Limited (Firstcry), has agreed to acquire an additional 14.91% stake in Dynamic IT Solution Private Limited. Following the acquisition, Globalbees’ shareholding will increase from 75% to 89.91%. The deal is valued at INR 1.5 Crore and is expected to be completed by October 30, 2025.
Strategic Acquisition
Globalbees Brands Private Limited will increase its stake in Dynamic IT Solution Private Limited, as per an agreement dated December 15, 2021 and a Memorandum of Understanding dated October 17, 2025. This acquisition will occur through share purchases from existing shareholders.
Target Company Profile
Dynamic IT Solution Private Limited, incorporated on October 31, 2002, is an Indian company specializing in fitness equipment and sports products under the brand name “Strauss.”
Financial Details
The cost of acquisition for the additional shares is INR 1.5 Crore, leading to Globalbees holding an additional 14.91% stake. The turnover for Dynamic IT Solution Private Limited for FY 2024-25 was INR 11.92 Crore. Prior year turnover details are as follows:
- 2023-24: INR 27.4 Crore
- 2022-23: INR 23.29 Crore
Revised Shareholding
Following the acquisition, Globalbees’ shareholding in Dynamic IT Solution Private Limited will increase from 75% to 89.91%. The acquisition is expected to be completed by October 30, 2025, and has been determined to be an arm’s length transaction.
Source: BSE