Tariq Corporation sees 85% subscription in right shares issue
MG News | July 28, 2026 at 04:37 PM GMT+05:00
July 28, 2026 (MLN): Tariq
Corporation Limited (PSX:TCORP) has received a total of Rs269,919,921 against
its right shares subscription, representing 85.45% of the total issue size,
according to details provided by the banker to the issue and the Central
Depository Company of Pakistan (CDC).
The unsubscribed portion stood at
Rs45,955,079, or 14.55% of the issue.
|
Description |
Amount (Rs) |
Percentage |
|
Total Issue Size |
315,875,000 |
100% |
|
Subscription Received |
269,919,921 |
85.45% |
|
Unsubscribed Portion |
45,955,079 |
14.55% |
The company said the unsubscribed
portion of shares would be offered and allotted to persons as decided by the
Board of Directors in accordance with Section 83(1)(a)(iv) of the Companies
Act, 2017, before calling upon the underwriter to subscribe to the remaining
shares.
The aforementioned information was
disseminated through a notification to Exchange.
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