Globus Spirits raises 200 crore via QIP, shares allotted at 840
GLOBUSSPR · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Globus Spirits raised 200 crore via QIP, allotting 23,80,952 equity shares at 840 each. Proceeds will be used to prepay or repay outstanding borrowings and for general corporate purposes. The issue attracted strong participation from domestic and international institutional investors. Nuvama Wealth Management acted as lead manager.
Strengthens balance sheet, partly repays debt, and expands institutional shareholder base. May cause dilution for existing shareholders.