Asset manager ICICI Prudential Mutual Fund has recently surpassed the 5% shareholding mark in Brainbees Solutions, the parent company of FirstCry, through additional share acquisitions. The mutual fund disclosed this development in a regulatory filing.
The purchase, made on February 16, 2026, involved 2,00,210 equity shares valued at approximately Rs 4.6 crore. Following this transaction, ICICI Prudential Mutual Fund’s total shares in Brainbees now amount to 2,62,47,897, representing a 5.028% stake in the company.
Prior to this acquisition, the fund held 4.990% of the company’s paid-up capital, indicating an increase of around 0.038% in Brainbees’ equity due to the latest purchase.
In a statement, the fund clarified that this investment was solely driven by an investment perspective and not motivated by any intentions to gain control over the company.
From a financial standpoint, FirstCry, under Brainbees Solutions, reported a revenue growth to Rs 2,424 crore in Q3 FY26 from Rs 2,172 crore in the previous year. However, the company also faced a 153% increase in losses, reaching Rs 38 crore in the same quarter.
Currently, FirstCry’s share price is trading at Rs 220.25 per share, with a market capitalization of approximately Rs 14,096 crore ($1.2 billion).
Source: Entrackr : Latest Posts