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8.8% right issue of GTECH merged with GCIL

Ghani Global Glass fully utilizes right subscription amount of Rs1.36bn
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November 14, 2022 (MLN): Around 8.8045% of the Class B right issue of G3 Technologies Limited (Gtech) has merged with Ghani Chemical Industries Limited (GCIL) amounting to Rs220 million, the company’s filings on the stock exchange showed on Monday.

As per the report received from the Bankers on the issue, Al Baraka Bank Limited, Habib Bank Limited, and Central Depository Company of Pakistan Limited, the company has received a total sum of Rs54.27mn against class B right shares subscription.

The detail of the subscription is as under,

Total Issue Size

Rs220,000,000

Subscribed Amount

Rs54,269,220

UnSubscribed Amount

Rs165,730,780

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Posted on: 2022-11-14T13:16:47+05:00

 

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