Kohinoor Textile Mills approves investments upto Rs 1.5 bln to MLCF, Rs 500 mln to MLCL

News Image

By MG News | September 14, 2020 at 11:21 AM GMT+05:00

0:00

September 14, 2020 (MLN): The Board of Directors of Kohinoor Textile Mills Limited (KTML) has approved investment upto Rs 1.5 billion as loans/ advances to Maple Leaf Cement Factory Limited (MLCF), a subsidiary Company of Kohinoor Textile Mills to meet the working capital requirement of MLCF.

A similar nature of Reciprocal facility of loans /advances of Rs 200 million for working capital requirements of the company has already been recommended by the Board of MLCF, subject to approval of the shareholders of MLCF.

The Board also approved investment of upto Rs 500 million as loans/ advances to Maple Leaf Capital Limited (MLCL), a subsidiary company of KTML, to meet the working capital requirements of MLCL, subject to approval of the shareholders of the Company, under Section 199 of the Companies Act 2017.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,285.00 110,525.00
110,055.00
-130.00
-0.12%
BRENT CRUDE 68.79 68.89
68.71
-0.01
-0.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.08 67.18
66.99
0.08
0.12%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 06:09 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg