Acquisitions2 Dec 2025, 12:57 pm
Globalbees Brands Private Limited Acquires Additional 6.49% Stake in HS Fitness Private Limited for INR 2.40 Crores
AI Summary
Globalbees Brands Private Limited, a material subsidiary of Brainbees Solutions Ltd, has acquired a further 6.49% stake in HS Fitness Private Limited. HS Fitness, a step-down subsidiary of Brainbees Solutions Ltd, is engaged in the business of dealing in fitness equipment under the ‘REACH’ brand and providing various types of services. The acquisition was made for the ‘Reach’ brand, which generated a turnover of more than INR 17.5 Crores in the financial year 2024-25. The consideration for the acquisition was INR 2.40 Crores. Post-acquisition, Globalbees' shareholding in HS Fitness has increased from 80% to 86.49%.
Key Highlights
- Globalbees Brands Private Limited acquires 6.49% additional stake in HS Fitness Private Limited
- HS Fitness Private Limited is engaged in the business of dealing in fitness equipment under the ‘REACH’ brand
- The acquisition was made for the ‘Reach’ brand, which generated a turnover of more than INR 17.5 Crores in the financial year 2024-25
- The consideration for the acquisition was INR 2.40 Crores
- Post-acquisition, Globalbees' shareholding in HS Fitness has increased from 80% to 86.49%