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SUMMARY
The company revealed it had invested INR 73 Cr as the second tranche of its investment in GlobalBees, acquiring 2,220 Series C2 CCPS with a face value of INR 5 each, at a premium of INR 3.29 Lakh per share
With the investment, FirstCry increased its stake in GlobalBees to 51.51% from 51.12%
The investment comes at a time when GlobalBees is going through major operational challenges
Omnichannel kidswear brand FirstCry
has completed its INR 146 Cr ($17 Mn) investment in its rollup brand subsidiary, GlobalBees, over…
