SGPL plans Rs535m right issue
MG News | May 18, 2026 at 02:43 PM GMT+05:00
May 18, 2026 (MLN): S.G. Power Limited (PSX: SGPL) is set to raise Rs535 million through a 300% right issue as the company moves ahead with its strategic expansion plans in the healthcare and pharmaceutical sector.
The Board of Directors approved, in principle, the
issuance of 53.5m ordinary right shares at par value of Rs10 per share,
aggregating to Rs534.996m, the company's filing
on PSX revealed today.
The proposed issue will be offered in the proportion of
approximately three right shares for every one ordinary share held by
shareholders.
The company stated that the planned capital injection is
aimed at strengthening its capital base, enhancing financial flexibility, and
supporting future expansion and investment initiatives.
Book closure dates and other details related to the right
issue will be communicated separately following completion of applicable
regulatory and corporate requirements.
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