Captain Pipes Ltd. announces fund raising of INR 20.6 crores

Captain Pipes Ltd. (BSE: 538817), one of the leading companies in the PVC Pipes industry, in its board meeting held today has approved fund raising of INR 20.6 crores. The board has approved issue of 1,25,00,000 shares on a preferential basis to investors at a price of INR 16.5/share. The issue of the shares would be subject to approval from shareholders at the EGM scheduled on 23rd January, 2025.

Commenting on the fund raise, the Management added, "We are very pleased to announce a significant fund raising of INR 20.6 crores through preferential issue of shares to investors. This marks a significant milestone in company's journey and will help accelerate our growth plans.

As we look ahead, we remain optimistic about our growth prospects and are committed to delivering sustainable value to our shareholders. Captain Pipes Ltd is grateful for the continued support and trust we receive from our dedicated employees, customers, and stakeholders."

Source : Equity Bulls

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CaptainPipes FundRaising PreferentialIssue