Globus Spirits Limited's Fund Raising Committee has opened a Qualified Institutions Placement (QIP) to issue new equity shares, following prior board and shareholder approvals.

The committee approved the preliminary placement document and set the floor price at ₹883.67 per share.

The company has flexibility to offer a discount of up to 5% on this floor price.

The final issue price will be decided in consultation with its lead manager.

This QIP aims to raise capital, enhancing the company's financial strength.

A trading window closure is also in effect for designated persons.