Country Condo's Limited Board Approves Preferential Issue of Equity Shares Up To ₹30 Crores
Country Condo's Limited has approved a significant corporate action through its Board of Directors, proposing a preferential issue of equity shares to non-promoters of the company. The move is intended to raise capital and involves two key authorizations granted during the board meeting.The Board confirmed that the proposed Preferential Issue of Equity Shares will be limited to a maximum amount of Rs.30,00,00,000 (Rupees Thirty Crores). This action aims to provide investment opportunities specifically to non-promoter shareholders.
Furthermore, the Board authorized specific senior management personnel to oversee and execute this proposed issuance. Mr. Y. Siddharth Reddy, who serves as Vice-Chairman and Director, along with Mr. D. Krishna Kumar Raju, holding the position of Vice-Chairman and CEO, have been entrusted with the responsibility of leading the proposed issue. Both individuals were also authorized to appoint necessary intermediaries required for the completion of the preferred equity issue.
The decisions regarding the preferential share issuance were made during a meeting of the Board of Directors held on July 9, 2026.
COUNCODOS Stock Price Movement
Today, shares of Country Condo's Limited edged up to close at ₹5.12, successfully gaining 0.98% in the market. The stock maintained stability throughout the trading day, with the intraday range recorded between a low of ₹5.01 and a high of ₹5.23.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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