Containe Technologies Approves Rights Issue for Raising Funds Up To ₹2,100 Lakhs
Containe Technologies Ltd has announced plans to raise funds through a rights issue of its equity shares. The decision was made by the company’s Board of Directors during a meeting held on June 24, 2026.The board considered and approved the issuance of equity shares of face value ₹10/- each via a rights issue. This fundraising initiative is intended to raise funds up to a maximum amount of ₹2,100 Lakhs. The issuance is targeted at eligible equity shareholders as on a record date, which will be determined later.
The company stated that the detailed terms for the Rights Issue, including but not limited to the issue price, rights entitlement ratio, and timing of payment, will be determined by the Board in due course, subject to necessary approvals and applicable laws.
Key details regarding the proposed securities issuance are provided below:
| Particulars | Details |
|---|---|
| Type of Securities Proposed | Equity Shares having a face value of ₹10 /- each |
| Type of Issuance | Rights Issue |
| Total Amount for Issuance (Approx.) | Up to ₹ 2,100 Lakhs (Rupees Two Thousand One Hundred Lakhs Only) |
The company confirmed that the total number of equity shares proposed to be issued will be determined after receiving in-principle approval from the Stock Exchange. Containe Technologies is moving forward with this rights issue to enhance its capital base through the targeted issuance to existing shareholders.
Stock Price Movement
Containe Technologies Ltd. slipped, settling at ₹21.01 on Wednesday after the shares declined 4.54%. The stock moved through a volatile session, testing an intraday high of ₹23.10 before hitting its low at ₹21.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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