<ul><li>Shares of Brainbees Solutions, the parent entity of kidswear retailer FirstCry, dropped over 5% following news of a probe by the Mumbai GST department.</li><li>The investigation is being conducted under sections 67(1) and 67(2) of the Maharashtra GST Act, 2017.</li><li>Brainbees Solutions confirmed cooperation with the GST authorities and stated that its operations remain unaffected.</li><li>Earlier this year, the company received show notices from the income tax department related to ESOP expenses.</li></ul>

Brainbees Shares Drop 5% After GST Department Launches Probe

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