FFC approves investment in FFBL not exceeding Rs. 2.5 billion

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

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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.

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