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
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 30th 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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