Rights Issue Announcement for Globe Textiles (India) Ltd - Jan 17, 2025

Globe Textiles (India) Ltd has announced a rights issue, offering existing shareholders the opportunity to purchase additional shares at a favorable rate. The rights issue comes with a ratio of 1:2,meaning shareholders are entitled to buy 1 new shares for every 2 shares they currently hold.

This issue is priced at a premium of 2 per share. Important dates for this rights issue include the record date of Jan 17, 2025, which is the cutoff date to determine shareholder eligibility for the rights offer. The ex-date, when the stock will begin trading without the rights entitlement, is Jan 17, 2025.