Containe Technologies Rights Issue Seeks Rs. 20.98 Crore

Containe Technologies makes devices that help vehicles control speed and track their locations.

The company is asking existing shareholders to buy more shares.

It wants to raise about Rs.

20.98 crore.

Each eligible shareholder can buy one new share for every two shares already owned.

The new shares cost Rs.

15 each.

The company plans to use most of the money for day-to-day business needs.

It will also use some funds to adjust promoter loans and pay other corporate and issue-related expenses.

The offer is scheduled to close on September 25, 2026.