Target Entity: Better & Brighter Homecare Private Limited
Type of Deal: Acquisition of additional stake (from 58% to 100% ownership)
Stake/Capacity: Shareholding increased from 58% to 100% in Better & Brighter Homecare Private Limited
Deal Value: Not disclosed in the document
Financial Impact:
Better & Brighter Homecare Private Limited's financial parameters:
- FY 2025-26 Turnover: INR 8.83 Crores
- FY 2025-26 Net worth: INR 9.66 Crores
- Historical turnover:
- 2025-26: INR 8.83 Crores
- 2024-25: INR 14.38 Crores
- 2023-24: INR 10.04 Crores
The document notes that the 'Absorbia' brand generates revenue of more than INR 20.73 Crores through multiple subsidiaries of Globalbees, though this revenue is recognized in those subsidiaries rather than in Better & Brighter itself.
Strategic Rationale:
The acquisition consolidates ownership of the 'Absorbia' moisture absorber brand, which is sold through multiple subsidiaries of Globalbees. The transaction represents full ownership consolidation of this brand within the Globalbees portfolio.
Approval Status:
The acquisition was completed pursuant to a Shareholders Agreement dated October 22, 2021. The transaction was consummated on November 3, 2026.
Reference Regulation:
SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 - Regulation 30 read with Para A of Part A of Schedule III
SEBI Master Circular dated January 30, 2026, bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
Additional Details:
- Better & Brighter was incorporated in India on June 11, 2009
- The company deals in moisture absorbers under brand name "Absorbia"
- The transaction is at arm's length
- No group companies, Directors, or KMP have any interest in Better & Brighter beyond the common shareholding through Globalbees
- The acquisition involved purchasing additional shareholding from other existing shareholders of Better & Brighter