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

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.

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