Transaction Overview
Globalbees Brands Private Limited ("Globalbees"), a material subsidiary of Brainbees Solutions Limited, acquired additional stake in JW Brands Private Limited, a step-down subsidiary of the company. The acquisition was made pursuant to a Shareholders Agreement dated July 21, 2022, and was completed on October 30, 2026.
Target Entity Details
JW Brands Private Limited was incorporated in India on February 7, 2020, and is engaged in the business of selling watches and jewellery under the brands "Joker & Witch", "Bewitched" and "Teejh".
Financial Performance:
- Turnover 2025-26: INR 105.53 Crores
- Turnover 2024-25: INR 97.32 Crores
- Turnover 2023-24: INR 57.68 Crores
- Net worth as of FY 2025-26: INR 40.14 Crores
Transaction Specifics
Acquisition Details: Globalbees acquired 14.23% additional shareholding from other existing shareholders of JW Brands.
Shareholding Change: Globalbees' shareholding increased from 75.10% to 89.33% in JW Brands.
Consideration: Cash payment of INR 18.68 Crore
Industry: Jewellery and Fashion Accessories
Related Party Status: The acquisition does not fall within related party transactions. The transaction is at arm's length, and group companies and Directors & KMP have no interest in JW Brands except to the extent of their shareholding and common directorship.
Governmental Approvals: No governmental or regulatory approvals were required for this acquisition.