GCIL invests Rs228mn in G3 Technologies Ltd

MG News | December 03, 2021 at 03:19 PM GMT+05:00

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December 3, 2021 (MLN): Ghani Global Holdings Limited has announced that its subsidiary, Chemical industries Limited (GCIL), the largest manufacturer of medical and industrial gases in Pakistan has invested Rs228 million in G3 Technologies Limited (GTECH), the company filing on PSX showed today.

This investment is an associated undertaking against the purchase of 22,800,000 shares on December 02, 2021 at Rs10 per share through the NDM market.

After this, the aggregate investment by the GCIL in GTECH is 39,800,000 shares i.e., 15.93% of the total paid-up capital of GTECH.

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