Captain Pipes Ltd., one of the leading companies in the PVC Pipes industry, in its board meeting held today has approved fund raising of Rs. 20.6 crores. 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 23rd January, 2025. 

Commenting on the fund raise, the Management added, "We are very pleased to announce a significant fund raising of Rs. 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.