Century Insurance to invest up to Rs 200 million in Lakson Private Equity Fund
MG News | August 15, 2018 at 11:16 AM GMT+05:00
Century Insurance has been authorized to invest up to Rs 200 Million in Lakson Private Equity Fund, an unlisted Closed-end fund.
The authorization was granted via an Extraordinary General Meeting of the Company held on 31 July 2018.
According to an announcement on the Pakistan Stock Exchange issued by company secretary Mansoor Ahmed, any two Directors and/or any one Director and the Chief Executive of the company can invest/disinvest the company’s funds at any one time or from time to time for this purpose.
Lakson Private Equity Fund is registered as a notified entity under the Private Funds Regulations, 2015, is regulated by the Securities and Exchange Commission of Pakistan, and managed by Lakson Investments Limited.
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