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Mettis Global News
Mettis Global News

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Dawood Lawrencepur approves Rs1 billion subordinated loan for Tenaga Generasi

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June 13, 2019 (MLN): The Board of Directors (BoD) of Dawood Lawrencepur Limited, in its emergent meeting held on June 13, 2019, has approved a second Subordinated Loan Facility of up to Rs. 1 billion for its subsidiary, Tenaga Generasi Limited (TGL), for a period of one year.

The BoD has also approved issuance of a Corporate Guarantee in favor of Allied Bank Limited, as a security against Running Finance / Money Market Loan of Rs. 500 million to be obtained by TGL.

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Posted on: 2019-06-13T10:49:00+05:00

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