FFC approves investment in FFBL not exceeding Rs. 2.5 billion

By MG News | November 06, 2020 at 12:43 PM GMT+05:00

0:00

November 6, 2020 (MLN): Fauji Fertilizer Company Limited (FFC), in Extraordinary General Meeting (EGM) held on November 06, 2020, has approved investment in Fauji Fertilizer Bin Qasim Limited (FFBL) not exceeding Rs. 2,493,774,276 in total by way of subscription of 38.2335% right issue of shares (i.e. 38.2335 shares for every 100 shares held) at a premium of Rs. 4 per share i.e. Rs. 14 per share.

The aforesaid information was disseminated by the company via notification to Exchange.

Copyright Mettis Link News

Related News

TRG Pakistan plans appeal against IHC Order

PSX Closing Bell: Holding Ground

BML Board authorizes CEO to execute deposit deal

Name	Price/Vol	%Chg/NChg
KSE100	130,970.29 44.96M	0.22% 283.63
ALLSHR	81,554.47 234.86M	0.31% 249.22
KSE30	40,035.56 22.57M	0.23% 90.11
KMI30	190,918.69 25.87M	0.12% 220.64
KMIALLSHR	55,122.90 113.22M	0.09% 48.74
BKTi	34,855.34 3.61M	0.83% 286.94
OGTi	28,572.13 2.19M	-0.58% -167.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,655.00	110,525.00 109,600.00	-760.00 -0.69%
BRENT CRUDE	68.71	68.89 68.42	-0.09 -0.13%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.00	67.18 66.72	0.00 0.00%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%