<h1>Globe Textiles' Rs. 4,504 Lakh Rights Issue Opens at 14.69% Subscription; Closes February 6. Funds for Acquisitions, Loans.</h1> The Rs. 4,504 lakh Rights Issue of Globe Textiles (India) Ltd, a company specializing in garments and textiles, was subscribed 14.69% on its first day. The issue, priced at Rs. 3 per share, is open until February 6, allowing non-shareholders to participate via Rights Entitlements. The company plans to use the funds for acquisitions, loan repayments, and working capital. Globe Textiles reported a significant increase in net profit and revenue for Q2 FY 24-25 compared to the previous year. Established in 1995, the company operates three manufacturing units in Ahmedabad, serving a global clientele.