Brainbees Solutions subsidiary acquires 10.09% stake in Dynamic IT

Brainbees Solutions Limited announced that its material subsidiary, Globalbees Brands Private Limited, has acquired an additional 10.09% stake in Dynamic IT Solution Private Limited, a step-down subsidiary. This acquisition increases Globalbees' shareholding in Dynamic IT from 89.91% to 100%. The transaction was conducted at an arm's length for a cash consideration of INR 1.02 Crore. Dynamic IT Solution Private Limited is engaged in the business of fitness equipment and sports products under the brand name "Strauss". The "Strauss" brand, across all subsidiaries, generated a turnover of over INR 23.14 Crores in FY2024-25.