Whalesbook
Globus Spirits Ltd announced its board has approved a plan to raise up to ₹500 crore by issuing equity shares. The funds can be raised in multiple tranches using methods like Qualified Institutions Placement or preferential allotment, pending regulatory and shareholder approvals. Additionally, the company proposed increasing the Foreign Portfolio Investor (FPI) investment limit to 20 percent, also requiring shareholder consent. A committee has been formed to manage the fundraising process.