Globus Spirits trades higher on inking pact with Tilaknagar Industries
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Globus Spirits is currently trading at Rs. 930.10, up by 13.80 points or 1.51% from its previous closing of Rs. 916.30 on the BSE.
The scrip opened at Rs. 928.00 and has touched a high and low of Rs. 955.75 and Rs. 915.25 respectively. So far 20079 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1760.00 on 14-Jan-2022 and a 52 week low of Rs. 650.00 on 01-Jul-2021.
Last one week high and low of the scrip stood at Rs. 955.75 and Rs. 907.00 respectively. The current market cap of the company is Rs. 2706.41 crore.
The promoters holding in the company stood at 51.01%, while Institutions and Non-Institutions held 6.98% and 42.01% respectively.
Globus Spirits (GSL) has entered into an arrangement for strategic, technical, manufacturing and marketing tie-up with the aim to offer an integrated service to operate the plant at the envisaged rated capacity of 140 KLPD distillery asset owned by Tilaknagar Industries (TIL) located at Shrirampur , Ahmednagar, Maharashtra (Distillery Asset).
Under this arrangement, GSL will be providing various services starting from engineering to ongoing operations, maintenance, and marketing services. This arrangement has been made effective via services agreement dated June 30, 2022.
Globus Spirits is primarily engaged in the business of manufacturing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol, Hand Sanitizer and Franchise Bottling.
