Globe International Carriers Limited has informed the Exchange regarding 'acquisition of 51% stake of M/s Govind Kripa Infratech Private Limited ("GKIT") became a subsidiary of the Company'.
GICL · price
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Globe International Carriers Limited has completed the acquisition of a 51% stake (40,80,000 shares) in M/s Govind Kripa Infratech Private Limited (GKIT) on June 18, 2025. With this acquisition, GKIT has become a subsidiary of the company. Notably, the shares were purchased from Mrs. Surekha Agrawal, who is the Promoter and Whole Time Director of the company, making this a related-party transaction. The company is an NSE SME-listed logistics player expanding into the infrastructure space through this inorganic move.
This acquisition diversifies the company's business into infrastructure but warrants close scrutiny as it is a related-party transaction with a promoter. Shareholders should monitor for further details on GKIT's financials, valuation paid, and any related-party disclosures to assess fairness and strategic fit.