Globtier Infotech Expands Global Footprint with UK Subsidiary
Globtier Infotech Limited, an Indian IT company, has incorporated a wholly owned subsidiary named Globtier UK Limited in the United Kingdom. The new entity, established on October 23, 2025, will operate in the IT and IT-enabled services sector. This strategic move aims to expand Globtier's international presence, potentially accessing new customers and talent in the UK tech sector. The company has obtained necessary approvals and informed BSE Limited in compliance with SEBI regulations. As a wholly owned subsidiary, Globtier UK Limited is classified as a related party to the parent company.
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Globtier Infotech Limited , an Indian information technology company, has announced the incorporation of a wholly owned subsidiary in the United Kingdom. This strategic move marks a significant step in the company's international expansion efforts.
Key Details of the Subsidiary
| Aspect | Details |
|---|---|
| Subsidiary Name | Globtier UK Limited |
| Country of Incorporation | United Kingdom |
| Ownership | 100% held by Globtier Infotech Limited |
| Industry | Information Technology and IT-enabled Services |
| Consideration | Cash |
| Date of Incorporation | October 23, 2025 |
Strategic Implications
The establishment of Globtier UK Limited aligns with Globtier Infotech's vision to expand its operations beyond Indian borders. This move into the UK market may potentially allow the company to:
- Tap into new customer bases
- Access local talent in the UK's tech sector
- Enhance its global service delivery capabilities
Regulatory Compliance
Globtier Infotech has confirmed that all necessary approvals from the respective governments have been obtained for this incorporation. The company has also duly informed the BSE Limited about this development, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Related Party Transaction
As a wholly owned subsidiary, Globtier UK Limited is classified as a related party to Globtier Infotech Limited. This relationship ensures complete control and alignment with the parent company's strategic objectives.
The immediate financial impact of this incorporation has not been disclosed. The long-term implications of this expansion into the UK market could be significant for Globtier Infotech's global growth strategy.
Historical Stock Returns for Globtier Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.17% | +1.80% | -13.49% | -43.06% | -43.06% | -43.06% |
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