Small-cap stock, Nov. 20 -- Alcohol beverage firm Globus Spirits' board of directors on Thursday, 20 November 2025, approved a Rs.500 crore fundraiser move through one or more qualified institutions placement (QIPs), according to an exchange filing.

In its BSE filing, Globus Spirits announced that it will raise funds through the issue of equity shares with a face value of Rs.10 apiece in an effort to fundraise up to Rs.500 crore from the Indian stock market. As per the announcement, the deal is set to be executed in one or more portions through the QIP move.

"Raising funds by way of issuance of equity shares of the company having face value of Rs.10/- each, for an aggregate amount not exceeding Rs.500 crores (inclusive of such premium t...