Update on Acquisition
Price
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Awaiting price reaction for this filing.
Globtier Infotech Ltd's board has approved setting up of a new wholly-owned subsidiary named Globtier UK Limited, incorporated on 23rd October 2025 in the UK. The listed company will invest up to €5,000 (about Rs 5 lakh) in the new entity through cash consideration, giving it 100% ownership. The new subsidiary will operate in the same line of business as the parent — Information Technology and IT-enabled Services. The company has confirmed that all required regulatory approvals have been obtained for the setup.
This is a very small investment (just €5,000) and essentially a shell subsidiary setup to establish a UK presence. It is unlikely to have any material impact on the stock price or shareholder value in the near term, though it could be a stepping stone for future international expansion.