India, April 5 -- Update | April 5, 12:55 AM

A couple of weeks after announcing its plans to infuse INR 146 Cr in its ecommerce roll up business Globalbees, FirstCry on Friday (April 4) said it has transferred the first tranche of the capital to the tune of INR 73 Cr in its subsidiary.

In an exchange filing, FirstCry said that Globalbees allotted 2,220 Series C2 compulsorily convertible preference shares (CCPS) to the company at a face value of INR 5 each and at a premium of INR 3.28 Lakh apiece.

With this, FirstCry's shareholding in Globalbees has increased to 51.12% from 50.73% earlier.

"As part of Series C2 CCPS issuance, Globalbees, a material subsidiary of the company, has allotted total of 3,041 Series C2 CCPS for an aggregate c...