Globe Commercials has informed that the meeting of the Board of Directors of Globe Multi Ventures, held on Saturday, 30.03.2024 at corporate office of the company and the following business was considered and approved the proposal for takeover / acquisition of 5,19,84,788 equity shares of Rs 10 each constituting 84.40% stake in Cooption Corporation (CCPL) has been considered and approved for consideration other than cash by issue of 20,79,39,152 equity shares of Rs.10 each through preferential issue on swap basis as per swap ration of 4:1 i.e., 4 (four) equity shares of Rs.10 each of Globe Multi Ventures (formerly known as Globe Commercials for every 1 (One) equity shares of Rs.10 each held in CoOptions Corporation.
The above information is a part of company’s filings submitted to BSE.
