Announced Wed, 1 Jul · 18:44 IST
Board approves Rights Issue to raise up to Rs 21 crore
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+9.4%1-day move
₹20.95
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+9.4+14.8——+3.2+2.9+26.0———
Up moveDown movePending
AI summary
Containe Technologies' board approved raising funds up to Rs 2,100 lakhs (about Rs 21 crore) via a Rights Issue of equity shares of face value Rs 10 each, offered to eligible shareholders on a record date to be notified later. Issue price, entitlement ratio and payment terms will be decided by the board in due course. The move is subject to SEBI ICDR and other statutory approvals.
Likely market impact
Existing shareholders may need to contribute extra capital to maintain their stake; expect dilution pressure once issue price and ratio are announced.