Dawood Lawrencepur to renew loan facility of up to Rs1bn for TGL

MG News | May 06, 2022 at 09:53 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 06, 2022 (MLN): The Board of Directors of Dawood Lawrencepur Limited has approved the renewal of subordinated loan facility of up to Rs1 billion to its subsidiary, Tenaga Generasi Limited (TGL) for a further one-year period, on arm’s length basis, company’s filing on bourse showed today.

The aforesaid renewal is subject to the approval of the members of the company via special resolution in terms of section 199 of the companies act, 2017.

In addition, the board also approved the issuance of a Corporate Guarantee in favour of Allied Bank limited as security against Running Finance/ Money Market Loan of Rs500,000,000 to be obtained by the subsidiary TGL (subject to the approval of TGL’s Lenders), subject to the approval of the members of the company in terms of section 199 of the Companies Act 2017.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,038.47 114.58M	0.41% 663.59
ALLSHR	98,887.69 371.89M	0.27% 267.58
KSE30	48,091.01 47.80M	0.56% 267.86
KMI30	233,976.84 49.26M	0.53% 1242.85
KMIALLSHR	64,092.91 187.27M	0.21% 137.24
BKTi	44,832.63 16.31M	0.24% 108.46
OGTi	33,378.35 2.75M	1.04% 344.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,835.00	81,450.00 79,240.00	-1370.00 -1.69%
BRENT CRUDE	115.27	117.44 114.00	-1.45 -1.24%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-0.35 -0.27%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	0.10 0.07%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	101.35	103.13 100.33	-1.92 -1.86%
SUGAR #11 WORLD	19.10	19.89 18.85	-1.14 -5.63%