Globus Spirits has received an approval for the proposal of raising fund by way of Qualified Institutional Placement (QIP) route. The board at its meeting held on November 09, 2012 has discussed and considered for the same.
The above is however subject to the approval of the shareholders accorded by passing special resolution through postal ballot and other necessary approvals.
Globus Spirits is engaged in the business of manufacture, marketing and selling of Industrial Alcohol (comprising RS and ENA), CL and IMFL. The company has a well established position in domestic CL segment with significant market share (22%, 17% and 20% share in Rajasthan, Haryana and Delhi respectively).
