Globe International Carriers Limited has informed the Exchange regarding 'Receipt of trading approval of 30,69,147 Equity Shares of Rs. 10/- each allotted on preferential basis'.
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Globe International Carriers Limited has received NSE approval for the listing of 30,69,147 equity shares of Rs. 10 each that were allotted on a preferential basis. The new shares will be admitted to trading on the exchange from July 30, 2025, with distinctive numbers from 24919501 to 27988647. The total value of the preferential issue is approximately Rs. 3.07 crore. All 30,69,147 shares are subject to a lock-in period until February 10, 2027, meaning these shares cannot be sold by the allottees for about 18 months.
This expands the company's share count, leading to dilution for existing shareholders. The lock-in until February 2027 prevents immediate supply pressure, but investors should be aware of potential selling pressure when the lock-in period ends.