Cool Caps Industries Unveils Rs 279.97 Crore Rights Issue to Drive Expansion
Cool Caps Industries plans to raise Rs 279.97 crore through a rights issue priced at Rs 70 per share, opening on September 30, 2025, to finance growth and switch to NSE's mainboard. Shareholders will receive rights shares at a 1:1 ratio, aiding the company's expansion and financial strengthening.
- Country:
- India
Cool Caps Industries, a prominent player in the beverage packaging sector, has announced a significant financial move by raising Rs 279.97 crore through a rights issue. Scheduled to open on September 30, 2025, and close on October 24, the rights issue is priced at Rs 70 per share.
The Kolkata-based company revealed that shareholders recorded on the specified date will have the opportunity to apply for rights shares in a 1:1 ratio. This fundraising initiative aims to bolster growth, enhance financial stability, and facilitate the migration of its shares to the NSE mainboard.
Cool Caps Industries, a leader in Eastern India's packaging industry, specializes in manufacturing plastic caps, closures, PET preforms, bottles, handles, shrink films, and food-grade PET flakes, and is currently listed on the NSE Emerge platform.
(With inputs from agencies.)
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