Adamjee Insurance to invest up to Rs900mn in Hyundai Nishat Motor

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

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

PSX Closing Bell: Bulls Serenade The Bourse

UBL doubles profit to Rs65bn in 1HCY25

Ideal Spinning Mills to exit spinning business

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%