The board of Globus Spirits Ltd. on Thursday, November 20, approved raising funds of up to ₹500 crore in one or more tranches.

The fundraise may be done through various modes, including qualified institutional placements (QIPs), preferential allotments, private placements, or any combination thereof, or any other method, the company said in an exchange filing.

The move is subject to regulatory and statutory approvals as required, as well as the approval of the company's shareholders.

The company also proposed to enhance the aggregate Foreign Portfolio Investors (FPI) investment limit to 20% of the paid-up equity share capital of the company, subject to the approval of its shareholders.

Shares of Globus Spirits Ltd. are currently trading 1.35% lower on Thursday at ₹1,155.20. The stock h

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