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Merger And Acquisitions | October 30, 2014
#44694

Captain Pipes plans to raise funds through equity offered through SME platform

ASAPP news bureau

Gujarat based pipe manufacturer Captain Pipes plans to raise Rs 44 crore by issuing 1.1 million equity share at a unit price of Rs 40 to the public. The offering is being made through SME platform. The funds would be used to repay its unsecured loans which stand at close to Rs 8.6 crore and meet working capital requirements.

Tags
Deals, Pipes, Manufacturer, Fund, Raise, Equity, SME Platform
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