Adamjee Insurance to invest up to Rs900mn in Hyundai Nishat Motor

MG News | August 29, 2022 at 03:40 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 29, 2022 (MLN): The board of directors of Adamjee Insurance Company Limited (PSX: AICL) in its meeting held on August 29, 2022, has decided to make an additional equity investment of up to Rs900 million in Hyundai Nishat Motor (Pvt) Limited (HNMPL), the company’s filing on the bourse said on Monday.

The said investment shall be made by subscribing 90mn ordinary shares of Rs10 each in HNMPL, an associated company under Section 199 of Companies Act 2017.

Copyright Mettis Link News

Related News

Weekly Market Roundup

Bank Makramah swings to Rs6bn loss in 9MCY26

PSX Closing Bell: Bears Flip the Script

Name	Price/Vol	%Chg/NChg
KSE100	166,409.25 235.53M	-0.47% -784.19
ALLSHR	100,707.78 824.63M	-0.45% -457.17
KSE30	49,026.65 68.91M	-0.60% -294.03
KMI30	237,971.74 66.09M	-0.41% -986.42
KMIALLSHR	65,023.98 327.90M	-0.48% -312.08
BKTi	45,944.24 13.97M	-0.74% -340.31
OGTi	33,648.58 5.44M	-0.37% -124.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,030.00	78,030.00 76,820.00	1060.00 1.38%
BRENT CRUDE	113.40	114.29 111.03	2.60 2.35%
RICHARDS BAY COAL MONTHLY	134.00	134.00 134.00	3.00 2.29%
ROTTERDAM COAL MONTHLY	148.05	148.05 145.60	4.10 2.85%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	102.95	104.99 102.43	0.95 0.93%
SUGAR #11 WORLD	19.37	19.58 19.21	-0.10 -0.51%