Tariq Corporation plans 15.8m share rights issue at Rs20
MG News | May 25, 2026 at 04:13 PM GMT+05:00
May 25, 2026 (MLN): The Board of Directors of Tariq Corporation Limited (PSX: TCORP), in its meeting held on 25 May 2026, approved and decided to increase the company’s paid-up share capital through a rights issue involving 15,793,750 ordinary shares.
The issuance will be offered in the proportion of 23.855376
shares for every 100 shares held at a price of Rs20 per share, including a
premium of Rs10 per share, to existing shareholders.
The entitlement to the right shares will be determined
through the closure of the company’s share transfer books, with the relevant
dates to be communicated in due course following finalization of the rights
offer document in line with applicable regulations.
The aforementioned information was disseminated through a notification to
Exchange.
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