India, Oct. 18 -- Omnichannel kids marketplace FirstCry's rollup arm GlobalBees has announced plans to further increase its stake in sports equipment brand Strauss' parent Dynamic IT Solutions.

In a filing with the exchanges, FirstCry said that GlobalBees has signed an agreement to acquire an additional 14.91% stake in an all-cash deal for INR 1.5 Cr. With this, the rollup company's stake in Dynamic IT Solutions will increase to 89.91% from 75% previously.

GlobalBees will acquire the stake in Strauss from the sports equipment brand's existing shareholders. The listed company expects the deal to be completed by October 30.

". GlobalBees agreed to acquire 14.91% additional shareholding from other existing shareholders of Dynamic IT Solut...