Dawood Lawrencepur mulls divestment from Tenaga Generasi

MG News | October 31, 2023 at 03:48 PM GMT+05:00

0:00

October 31, 2023 (MLN): Dawood Lawrencepur Limited (PSX: DLL) has revealed its potential intention to divest its equity stake in Tenaga Generasi Limited, according to the company's filing on the local stock exchange today.

It is worth noting that Tenaga Generasi Limited owns a 49.5 MW wind power project located in Sindh.

Moreover, the process is still in its initial phase and is subject to all internal, regulatory, and third-party approvals.

DLL is engaged in the business of trading and marketing renewable energy solutions, mainly solar, to commercial and industrial consumers, along with the legacy textile business.

At the time of writing, the company's share is being traded at Rs245, up by 5.67 rupees or 2.37% compared to its previous close.

Copyright Mettis Link News

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	0.00 0.00	-390.00 -0.33%
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	0.00 0.00	0.30 0.44%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%