Service Global Footwear utilizes excess IPO funds for making equity investment in Service Tyres Ltd

MG News | June 08, 2021 at 03:30 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 8, 2021 (MLN): The Board of Directors of Service Global Footwear Limited (SGFL), has decided to utilize the excess IPO funds amounting to Rs621.49mn raised over and above the Floor Price for making an additional equity investment in Service Long March Tyres Pvt Limited, an associated company as may be offered to the Company in future.

At its meeting held today, the Board also approved to renew the investment in the form of working capital loan from up to Rs5bn to working capital loan (up to Rs4.5bn) and long-term loan (up to Rs2.5bn) in Service Industries Limited, an associated company, subject to the approval of the members of the company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,976.93 71.72M	0.01% 10.24
ALLSHR	107,552.96 177.75M	-0.04% -46.80
KSE30	52,623.94 22.91M	-0.04% -20.59
KMI30	251,258.43 31.19M	-0.10% -257.38
KMIALLSHR	69,426.54 131.06M	-0.14% -99.49
BKTi	49,797.64 1.99M	0.07% 35.44
OGTi	36,633.67 2.73M	-0.54% -197.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,615.00	81,350.00 78,710.00	1765.00 2.24%
BRENT CRUDE	92.04	92.90 91.72	-0.13 -0.14%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	84.96	85.84 84.73	-0.05 -0.06%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%