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Globe Commercials to rename as 'Globe Multi Ventures'; Stock hits new high

The objective of the company is to enter into JV with other logistics companies and to provide consultancy services.

September 29, 2021 10:01 IST | India Infoline News Service
Globe Commercials Ltd  has informed that the shareholders at their 36th Annual General Meeting of the company, held on September 27, 2021 inter-alia approved the amendment to the Memorandum of Association (MOA) and Articles of Association (AOA).

In which, the company has change its existing name of the Company from “Globe Commercials Limited” to “GLOBE MULTI VENTURES LIMITED” and the name of Globe Commercials Limited, wherever it appears in the Memorandum, Articles, documents etc. be substituted by the new name GLOBE MULTI VENTURES LIMITED in due course.

The main objective of the business is to carry on the business in India or abroad and to establish or set up or promote, undertake acquire, own, operate, manage logistic parks/ IT hubs, technology parks or similar establishments for promotion and development of business of merchandise, commodities, goods, articles, IT services, software and technologies and to act as facilitators, promoters, partners, customers, joint venture partners for the promotion and development of facilities for storage of commodities, goods, articles or create or develop centres for software and technology development.

To enter into JV with other logistics companies and to provide consultancy services to other logistics companies including services for their acquiring various licenses from prescribed authorities.

At around 10:00 AM, Globe Commercials was trading at Rs25.10 per piece higher by 4.80%, hitting 52-week high on Sensex.

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