Announced Wed, 24 Jun · 19:56 IST

Board approves rights issue to raise up to Rs 2,100 lakhs

Fund Raising View source PDF

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AI summary

Board of Containe Technologies approved a rights issue of equity shares of face value Rs 10 each, to raise up to Rs 2,100 lakhs from eligible shareholders. Issue price, entitlement ratio, and record date will be decided later. Subject to statutory and regulatory approvals under SEBI ICDR Regulations.

Likely market impact

Existing shareholders may need to invest more to maintain their stake, though terms including issue price and record date are yet to be announced.