Din Textile Mills to raise capital up to Rs 1 billion via rights issue of ordinary shares

MG News | December 10, 2019 at 03:41 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 10, 2019 (MLN): At a meeting today, the Board of Directors of Din Textile Mills have resolved that the Company should commence necessary formalities for raising capital of up to Rs 1 billion through rights issue of ordinary shares at par value or with premium as per decision of the Board, in compliance with applicable laws, including

(a) finalizing the quantum and number of shares to be offered under the rights offering in consultation with the sponsors and directors.

(b) finalize the financial projections for approval of the Directors under companies regulations 2018.

According to the notification sent by the company to PSX, the board further resolved that it shall announce the actual rights issue at a future date in a duly convened meeting of the board in accordance with the applicable laws after completion of all requisite formalities.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,623.88 478.02M	-0.36% -638.45
ALLSHR	107,472.27 954.45M	-0.34% -365.17
KSE30	53,131.56 115.62M	-0.41% -216.11
KMI30	250,814.93 150.64M	-0.28% -695.43
KMIALLSHR	68,971.49 608.41M	-0.29% -202.37
BKTi	50,769.48 23.80M	-0.58% -295.25
OGTi	34,999.12 6.26M	-0.71% -249.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,770.00	64,810.00 62,680.00	-1195.00 -1.84%
BRENT CRUDE	84.14	88.06 82.52	-4.22 -4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	79.30	82.43 77.78	-3.31 -4.01%
SUGAR #11 WORLD	14.56	14.70 14.50	-0.02 -0.14%