Brainbees Solutions Completes Acquisition of Solis Hygiene, Increasing Indirect Stake to 76.59%

Brainbees Solutions Limited has completed the acquisition of Solis Hygiene Private Limited through its subsidiary, Swara Baby Products Private Limited. The acquisition was made in consideration of 52,890 Series A1 Equity Shares held by Brainbees Solutions in Solis Hygiene. Post-acquisition, Swara Baby has become the wholly-owned subsidiary of Brainbees Solutions, and Solis Hygiene has become a step-down subsidiary. Consequently, the indirect control of Brainbees Solutions in Solis Hygiene has increased from 75.92% to 76.59%.