Globe to acquire garment manufacturing and processing unit as part of its growth plans

NSE-listed Globe Textiles (India) Ltd (NSE: GLOBE), an exporter of fabrics and garments catering to global and domestic markets since the past two decades, has informed the NSE that it is in the process of acquiring a garment manufacturing and processing unit as part of its expansion plans.

Globe is acquiring a unit of Vivaa Tradecom Pvt. Ltd (VTPL), which had a total turnover of Rs 145.90 crore for the year that ended on March 31, 2021. After acquisition, Globe will enhance its garment capacity and in-house processing capacity.

The company also announced the reappointment of its independent directors Yogesh Kanhiyalal Vaidya and Bharat Shamjibhai Patel. Globe offers a wide range of textiles, apparels and related services through innovation, placing due care on nature.


It boasts a vast product portfolio consisting of man-made and natural fiber fabrics, accessories and readymade garments.