Ghani Global may invest in DBSL’s right issue
MG News | May 31, 2022 at 12:25 PM GMT+05:00
May 31, 2022 (MLN): Ghani Global Holdings Limited and its associates may invest in the Dadabhoy Sack Limited (DBSL)'s future right issue as per their "Revival Business Plan" by up to 30% i.e. up to 45,000,000 shares out of the unsubscribed portion, the company filing on PSX showed on Tuesday.
In a recent development, the company has made an arrangement with DBSL to provide technical and financial support, seek collaborating partners, and set up the online shopping i.e. e-Commerce business within DBSL.
Setting up of e-Commerce can either be set up of the said business as a green-field project or buy (with full rights) the e-Commerce business from the collaborating partners while modalities and a formal agreement will be finalized in due course of time.
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