Captain Pipes’ board has approved fund raising of Rs 20.6 crore. The board has approved issue of 1,25,00,000 shares on a preferential basis to investors at a price of Rs 16.5/share. The issue of the shares would be subject to approval from shareholders at the EGM scheduled on January 23, 2025. The Board of Directors of the company at their meeting held on December 31, 2024 has approved the same.
Captain Pipes is engaged in manufacturing polyvinyl chloride threaded pipes.