Globus Spirits Ltd has approved raising up to ₹500 crore through the issuance of equity shares, the company said in a regulatory filing. T | Photo Credit: iStockphoto
The board of directors of the company, at its meeting held on Thursday, approved raising funds by way of issuance of equity shares having a face value of Rs 10 each, for an aggregate amount not exceeding Rs 500 crore, Globus Spirits Ltd said in a regulatory filing.
The issuance could be in one or more tranches, through various modes, including qualified institutions placement, preferential allotment or a private placement, subject to regulatory and shareholders’ approvals, it added.
The board has also approved the constitution of a fundraising committee to deal with all matters pertaining to the proposed fundraising, the company said.
Also, a proposal to enhance the aggregate Foreign Portfolio Investors (FPIs) investment limit to 20 per cent of the paid-up equity share capital subject to the approval of shareholders, it added.
Published on November 20, 2025
