Brainbees Solutions subsidiary increases stake in JW Brands

Brainbees Solutions Limited announced that its material subsidiary, Globalbees Brands Private Limited, has acquired an additional 14.23% stake in JW Brands Private Limited. This acquisition, for a cash consideration of INR 18.68 Crore, increases Globalbees' shareholding in JW Brands from 75.10% to 89.33%. JW Brands, a step-down subsidiary, is engaged in selling watches and jewellery under brands like "Joker & Witch" and "Teejh". For FY 2025-26, JW Brands reported a turnover of INR 105.53 Crore and a net worth of INR 40.14 Crore. The acquisition is considered an arm's length transaction.