Ismail Industries to increase its shareholding in subsidiary company by Rs 500 million

MG News | October 01, 2019 at 01:37 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 1, 2019 (MLN): The Board of Directors of Ismail Industries Limited has decided to further increase the long-term equity investment in its subsidiary company, Hudson Pharma (Pvt.) Limited.

The decision was taken during the 30^th Annual General Meeting of the company, wherein the Shareholders granted their approval to increase the investment from Rs. 500 million to Rs. 1 billion, in order to meet the operational expenses and working capital requirements of the subsidiary company.

Copyright Mettis Link News

Related News

Nishat Mills secures approval to sell 49% Nishat Sutas Dairy stake for Rs2bn

DGKC signs deal for 25MW solar plant, 10MWh battery storage

Nishat Mills signs deal for 20MW solar plant, 35MWh battery storage

Name	Price/Vol	%Chg/NChg
KSE100	171,790.12 37.77M	-0.26% -442.39
ALLSHR	103,988.27 74.88M	-0.23% -243.52
KSE30	51,124.19 11.51M	-0.31% -159.61
KMI30	246,105.82 12.14M	-0.29% -719.71
KMIALLSHR	67,481.69 57.35M	-0.30% -201.95
BKTi	47,446.22 0.92M	-0.31% -149.71
OGTi	35,267.68 0.33M	-0.32% -113.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,805.00	84,635.00 83,740.00	-690.00 -0.82%
BRENT CRUDE	102.25	103.08 101.83	-0.83 -0.81%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.75 5.48%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.46	92.79 91.23	-0.70 -0.76%
SUGAR #11 WORLD	18.83	18.96 18.26	0.27 1.45%