This Small Cap Stock Under Rs. 200 to Offer 1:1 Bonus and 2:1 Stock Split on October 15; Details Inside

Globe International Carriers Ltd, a Jaipur-based logistics company, has two corporate actions lined up for tomorrow - a 1:1 bonus issue and a 2:1 stock split, offering twin rewards to its shareholders. The small-cap company has set Wednesday, October 15, as the record date and ex-date for both corporate actions. This means investors who bought the shares of Globe International Carriers on or before October 14th will be eligible for the bonus shares and stock split benefits.

Globe International Share Price

At the close of trading on Tuesday, Globe International Carriers' share price stood at Rs. 174 per share, down by 0.54%, with a decline ahead of the key record date. Listed on Nifty SME Emerge, the company's market capitalisation as of today stood at Rs. 487 crore.

Details of Globe International Carriers Stock Split

The company's board has approved the stock split of its equity shares in the ratio of 2:1 on 24 September.
The company said in an exchange filing, "Subdivision/split of each equity share of face value of Rs.10/- each fully paid-up into 2 (two) equity shares of Rs.5/- each fully paid-up."

Globe International Carriers 1:1 Bonus Issue

In addition to the stock split, Globe International Carriers has also approved a 1:1 bonus share issue, rewarding shareholders with one extra share for every share held.

"Issue of bonus shares in the ratio of 1:1, i.e., one new fully paid-up equity share of Rs. 5 each for every one existing fully paid-up equity share of Rs. 5 each," the company confirmed in a regulatory filing.

About Globe International Carriers Ltd

Founded in 2010, Globe International Carriers Ltd is a logistics and transportation services provider headquartered in Jaipur, Rajasthan. The company caters to multiple industries, including metals, textiles, pharmaceuticals, automotive components, and industrial goods. It operates through a mix of owned and outsourced vehicles, offering door-to-door transportation, packing, and unpacking services across India.

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Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.