Dawood Lawrencepur renews loan facility of up to Rs. 300 million to Tenaga Generasi Ltd.

In a notice informing the stakeholders, Dawood Lawrencepur (DLL) resolved with the approval of members “for the renewal of subordinated loan facility of up to PKR 300 Million” and to dispose ‘Lawrencepur’ brand of the company.

DDL members today approved “the renewal of subordinated loan facility of up to PKR 300 Million provided by the Company to its subsidiary, M/s Tenaga Generasi Limited (TGL) for a period of up to three years, as per the terms and conditions of the agreement”.

Furthermore, the Board Members resolved “to dispose of the ‘Lawrencepur’ brand of the company, and authorized to sell or otherwise dispose of said asset to give effect to, implement and complete the sale of the assets”.