FFBL likely to invest PKR 3.5 billion in Fauji Foods

MG News | November 03, 2020 at 04:35 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 3, 2020 (MLN): The Board of Directors of Fauji Fertilizer Bin Qasim has proposed to invest Rs. 3.5 billion in Fauji Foods Limited through either, or a combination of, a subordinated shareholder loan or collateral support for a period not exceeding one year as security for working capital facilities extended or to be extended by financial institutions to FFL.

The purpose of the proposed investment is to meet the working capital and operational expenses requirements of FFL, whose financial position does not allow it to meet such requirements out of its limited cash resources.

Further details of this proposed transaction can be accessed here.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,150.00	64,255.00 64,150.00	-120.00 -0.19%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%