Lancer Container Lines Limited has announced that its Board of Directors approved a proposed fundraise through a rights issue of equity shares, not exceeding Rs 150 crores. The decision was made during the board meeting held on October 1, 2024, which began at 12:00 PM and concluded at 7:06 PM.
The rights issue will offer equity shares with a face value of Rs 5 each to eligible shareholders, subject to regulatory approvals. The board will evaluate the best possible options for raising funds, determining terms, conditions, issue size, price, and other necessary details.
This development aligns with Lancer Container Lines’ plans to strengthen its financial position and support future growth initiatives. Further details are available on the company’s website.
