# FirstCry subsidiary GlobalBees extends Mush Textile stake sale deadline to November 30

> GlobalBees Brands extended the deadline for its ₹5.69 crore sale of a 51.54% stake in Mush Textile to November 30, 2026, at the purchasers' request.

- Published: 2026-10-16T19:05:53+00:00
- Section: Divestitures
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-16/firstcry-globalbees-mush-textile-sale-deadline
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/firstcry-subsidiary-extends-mush-textile-sale-deadline-nov-30/53720563)

## Key takeaways

- GlobalBees Brands extended the completion timeline for its 51.54% stake sale in Mush Textile to November 30, 2026, from October 15, 2026.
- Nihar Gosalia and Vaishvik Brahmabhatt will acquire 13.45% and 38.09% of Mush Textile respectively for ₹5.69 crore.
- The extension was executed through an addendum dated October 16, 2026, to the MoU originally signed on October 7, 2026.

[FirstCry](https://akta.pro/company-profiles/00005hw/firstcry) subsidiary [GlobalBees](https://akta.pro/company-profiles/00006u6/globalbees) Brands Private Limited has extended the completion timeline for the sale of its entire 51.54% shareholding in Mush Textile Private Limited to on or before November 30, 2026, from October 15, 2026. The purchasers, Nihar Gosalia and Vaishvik Brahmabhatt, requested the change, [ScanX](https://scanx.trade/stock-market-news/companies/firstcry-subsidiary-extends-mush-textile-sale-deadline-nov-30/53720563) reported. The consideration for the stake is ₹5.69 crore.

## GlobalBees Brands' Mush Textile Stake Sale

GlobalBees Brands is selling its stake in Mush Textile, a step-down subsidiary of Brainbees Solutions, to two existing shareholders of Mush. Nihar Gosalia will acquire 13.45% and Vaishvik Brahmabhatt 38.09% of the shareholding. The extension was executed via an addendum to the Memorandum of Understanding originally signed on October 7, 2026. The addendum is dated October 16, 2026. All other terms and conditions of the initial MoU remain unchanged, except for the revised timeline. The development was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier intimation dated October 7, 2026, which announced the original MoU. The disclosure has also been hosted on the company's investor relations website.

## FirstCry's Scale And Funding Record

FirstCry (Brainbees Solutions) is India's largest omnichannel retailer of baby, kids, and maternity products, operating 1,189 stores, the [firstcry.com](http://www.firstcry.com) online platform, and UAE/Saudi storefronts, according to [akta.pro company records](https://akta.pro/company-data). The company reported FY26 full-year revenue of Rs. 8,547.94 crore, up 12% from FY25, and FY26 GMV of Rs. 11,643 crore, growing 10% year on year. Its Q4 FY26 disclosure listed 1,189 offline stores, with 78% of GMV originating from online channels and 22% from offline stores. FirstCry has 11 funding rounds on record, including a 2023-08 secondary market round of $52.3 million with 3 investors.

## FirstCry's Recent Corporate Moves

In September 2026, TPG exited FirstCry via a ₹202 crore bulk deal, selling its entire 2.21% stake of 1.2 crore shares at ₹175.15 each, Inc42 reported. On September 24, 2026, block deals were reported in FirstCry alongside Sedemac Mechatronics and NephroPlus, with private equity investors exiting FirstCry and NephroPlus, according to Business News Today. FirstCry also launched an International Store in its app in September 2026, curating global parenting brands including Carter's, Dr. Brown's, and Joie, with the feature live for iOS, Android, and web users, passionateinmarketing.com reported.

## Mush Textile Sale Completion Timeline

The revised deadline for the Mush Textile stake sale is November 30, 2026, as stated in the addendum dated October 16, 2026.

## Companies in this story

- [FirstCry company profile](https://akta.pro/company-profiles/00005hw/firstcry) · website: http://www.firstcry.com
- [GlobalBees company profile](https://akta.pro/company-profiles/00006u6/globalbees) · website: https://www.globalbees.com

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