Ghani Global Holdings to increase authorized share capital by PKR1bn

MG News | August 02, 2021 at 12:52 PM GMT+05:00

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August 2, 2021 (MLN): The Board of Directors of Ghani Global Holdings Limited (GGL), in its meeting held on today i.e. August 02, 2021, has decided to increase the authorized share capital of the company from PKR 3bn to PKR 4bn, subject to approval by shareholders of the Company.

The board also approved to allocate 2,799,364 shares of the Company to employees of the Company at the rate of PKR 30/- (with a premium of Rs. 20/- per share) under Employees Stock Option Scheme.

It has been further decided to invest up to PKR 250 million in the share capital of Service Fabrics Limited, subject to approval by shareholders of the Company under section 199 of the Companies.

The company will hold an Extra-Ordinary General Meeting on Saturday, August 28, 2021, for approval of the above-stated decisions.

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