Dawood Hercules to invest Rs. 17.45 billion in Edotco Pakistan

MG News | January 19, 2018 at 04:07 PM GMT+05:00

0:00

Dawood Hercules (DAWH) today has decided to invest a sum of Rs. 17.45 billion in Edotco (Private) Pakistan Ltd. in from of equity or a short term loan.

In pursuance of the said approval, the company has decided to hold an Extra Ordinary General Meeting (EOGM) to approve and authorize the above mentioned transaction.

In August, 2017 Edotco Group in partnership with Dawood Hercules Corporation Ltd (DH Corp) announced the acquisition of approximately 13,000 towers from Pakistan Mobile Communications Limited (Jazz).

Edotco — through Tanzanite Tower Private Limited, a wholly owned subsidiary of edotco Pakistan Private Limited — entered into an agreement with Pakistan Mobile Communication Limited to acquire its tower subsidiary, Deodar Private Limited and its portfolio of over 13,000 tower assets, a press release said.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%