BF Biosciences gets go-ahead from FEROZ’s board to explore private equity, IPO

15:00
February 7, 2024

February 07, 2024 (MLN): The Board of Directors (BoD) of Ferozsons Laboratories Limited (PSX: FEROZ) on Wednesday allowed its 80% owned subsidiary BF Biosciences Limited (BFBL) to raise additional financing through way of private equity, bank loans and/or potential initial public offering (IPO).

Further, the Board has also authorized management to finalize terms of engagement with the shortlisted consultants for the aforesaid transactions where applicable.

Earlier, BF Biosciences Limited requested the board of FEROZ to review and approve its proposed sources of financing.

BF Biosciences Limited was established exclusively for the manufacture of biologicals and it is the first and only company in Pakistan currently to have a biotech manufacturing facility.

Copyright Mettis Link News

Posted on: 2024-02-07T14:50:20+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.45000	278.65000	278.65000	278.45000	01:13 PM
2	EUR	1.08940	1.08970	1.08970	1.08940	03:56 AM
3	GBP	1.27040	1.27060	1.27060	1.27040	03:56 AM
4	CHF	0.90878	0.90925	0.90925	0.90878	04:00 AM
5	JPY	155.67000	155.68000	155.68000	155.67000	03:56 AM
6	CAD	1.36150	1.36200	1.36200	1.36150	03:56 AM
7	AUD	0.67000	0.67040	0.67040	0.67000	03:56 AM
8	INR	83.29860	83.29910	83.29910	83.29860	08:00 PM
9	SAR	3.75030	3.75050	3.75050	3.75030	01:01 PM
10	AED	3.67290	3.67320	3.67320	3.67290	01:59 AM
11	HKD	7.80240	7.80220	7.80240	7.80220	03:56 AM
12	CNH	7.23070	7.23270	7.23270	7.23070	08:00 PM
13	CNY	7.22340	7.22520	7.22520	7.22340	11:48 PM
14	THB	36.16000	36.18000	36.18000	36.16000	08:00 PM
15	MYR	4.68500	4.69000	4.69000	4.68500	08:00 PM
16	IDR	15,920.30000	16,008.70000	16,008.70000	15,920.30000	08:00 PM
17	SGD	1.34540	1.34640	1.34640	1.34540	03:56 AM
18	NZD	0.61330	0.61380	0.61380	0.61330	02:40 AM
19	MXN	16.59400	16.62320	16.62320	16.59400	03:56 AM
20	TRY	32.19560	32.20560	32.20560	32.19560	08:00 PM
21	SEK	10.46910	10.96490	10.96485	10.46912	03:56 AM
22	ZAR	18.16250	18.50130	18.50131	18.16250	03:56 AM
23	NOK	10.57670	10.90460	10.90459	10.57671	03:56 AM
24	DKK	6.86410	6.86510	6.86510	6.86410	02:40 AM
25	ARS	884.98800	884.99600	884.99637	884.98811	04:00 AM
26	BDT	115.43100	118.75200	118.75196	115.43074	08:00 PM
27	BHD	0.37695	0.37700	0.37700	0.37695	09:32 PM
28	BRL	5.10320	5.10620	5.10620	5.10320	08:00 PM
29	KRW	1,353.49000	1,355.29000	1,355.29000	1,353.49000	08:00 PM
30	KWD	0.30696	0.30756	0.30756	0.30696	07:54 PM
31	LKR	296.45500	302.91300	302.91335	296.45543	08:00 PM
32	OMR	0.38471	0.38521	0.38521	0.38471	01:57 AM
33	QAR	3.64400	3.64700	3.64700	3.64400	01:59 AM
34	RUB	90.87000	90.91000	90.91000	90.87000	08:00 PM
35	AFN	70.00000	72.00000	72.00000	70.00000	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:12 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,700.00000	12,775.00000	12,775.00000	12,700.00000	08:00 PM
40	PHP	57.65700	58.04300	58.04300	57.65700	08:00 PM
42	NGN	1,469.50000	1,470.50000	1,470.50000	1,469.50000	08:00 PM
43	KES	130.00000	132.00000	132.00000	130.00000	08:00 PM
44	AMD	387.60000	387.60000	387.60000	387.60000	08:00 PM
45	TWD	32.16480	32.19480	32.19480	32.16480	08:00 PM
46	XAU	2,413.06000	2,414.81000	2,414.81000	2,413.06000	01:32 AM
47	XAG	31.39720	31.46080	31.46080	31.39720	01:32 AM
48	XPT	1,080.80000	1,089.80000	1,089.80000	1,080.80000	02:00 AM
49	XPD	1,008.57000	1,014.22000	1,014.22000	1,008.57000	02:00 AM
2,120	VES	36.53490	36.62660	36.62656	36.53493	08:00 PM
2,212	UGX	3,728.07000	3,811.10000	3,811.09656	3,728.06613	08:00 PM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	75,401.12	75,342.346	74,947.71	411.647	0.549	188,724,737.0	10,794,119,010.980	17/05/2024 05:12 PM
ALLSHR	48,807.14	48,769.459	48,569.78	232.516	0.479	496,551,417.0	17,628,388,996.920	17/05/2024 05:12 PM
KSE30	24,250.19	24,214.289	24,115.01	68.600	0.284	83,749,804.0	7,299,349,871.180	17/05/2024 05:12 PM
KMI30	124,499.58	124,073.598	123,588.39	577.661	0.468	115,584,298.0	6,628,115,990.660	17/05/2024 05:12 PM
KMIALLSHR	34,853.66	34,803.012	34,601.31	229.583	0.664	301,521,687.0	13,083,340,734.470	17/05/2024 05:12 PM
BKTi	18,640.08	18,555.775	18,385.35	-28.304	-0.152	10,145,516.0	1,626,001,821.630	17/05/2024 05:12 PM
OGTi	17,931.76	17,849.852	17,747.27	38.860	0.218	7,146,222.0	1,031,531,203.480	17/05/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	67,260.0	67,865.0	65,345.0	1,815.00
BRENT CRUDE	EB	84.0	84.0	83.1	0.73
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-4.60
ROTTERDAM COAL MONTHLY	ET	105.0	106.5	105.0	-1.45
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	78.2	80.0	78.1	-1.06
SUGAR #11 WORLD	SB	18.1	18.5	18.1	-0.23

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

BF Biosciences gets go-ahead from FEROZ’s board to explore private equity, IPO

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

STZA, NRTC sign Rs12.5bn zone development agreement

CCoSOEs urges CMU to expedite SOE annual financial report for FY23

USA continues its domination as Pakistan’s top export destination in April

National Assembly authorizes speaker to nominate standing committee members