Containe Technologies Ltd Board Approves Rights Issue to Raise Up To ₹2,100 Lakhs
Containe Technologies Limited has approved a rights issue aimed at raising funds through the issuance of equity shares to eligible existing shareholders. The decision was made by the company's Board of Directors on July 01, 2026.The proposed capital raise involves issuing equity shares with a face value of ₹10/- each. The total amount sought through this rights issue is not exceeding ₹2,100 Lakhs.
Details regarding the proposed securities and issuance are as follows:
| Particulars | Details |
|---|---|
| Type of securities to be issued | Equity Shares having face value of ₹10 /- each |
| Type of issuance | Rights Issue |
| Total amount for which equity shares will be issued (approximately) | Up to ₹2,100 Lakhs |
The terms and conditions related to the rights issue, including the issue price, rights entitlement ratio, record date, timing, and payment terms, will be determined later by the Board of Directors. These details will be set in due course, adhering to applicable laws and necessary approvals.
Stock Price Movement
Containe Technologies Ltd settled at ₹20.90 on Wednesday, losing 4.96% in the post-market session. The shares traded within an intraday range defined by a high of ₹20.95 and a low of ₹20.90.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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