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Containe Technologies Limited's board approved the Letter of Offer and related materials for its upcoming Rights Issue. The documents will be dispatched to eligible shareholders shortly.
Containe Technologies Ltd announced the terms of its Rights Issue, with a size of Rs. 20.98 Crore at an issue price of Rs. 15 per share.
Pushpa Bhaju acquired 7,50,000 equity shares of Containe Technologies Limited (BSE: 543606) following the conversion of warrants issued on a preferential basis. This conversion represents 10.72% of the company's expanded paid-up capital. Following the acquisition, the acquirer and PAC hold an 11.91% stake in the company.
Containe Technologies Limited allotted 7,50,000 equity shares following the conversion of warrants by investor Pushpa Bhaju. The company received ₹4.83 Crore representing the balance 75% of the issue price. Post-allotment, the company's paid-up capital increased to ₹6.99 Crore, with 17,00,000 warrants remaining outstanding for conversion.