HASCOL to raise additional funds via rights issue of ordinary shares

MG News | September 23, 2019 at 01:34 PM GMT+05:00

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September 23, 2019 (MLN): After the meeting of the Board of Directors of Hascol Petroleum Limited (HASCOL) held earlier today, the company via notification to PSX, has announced to commence necessary formalities for raising capital of up to Rs 6 billion through a rights issue of ordinary shares at par value.

The rights issue will be in compliance with the applicable laws, moreover, the board will announce the actual rights issue at a future date in duly convened meeting of the Board in accordance with the applicable laws after completion of all requisite formalities.

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