Macter International to invest Rs 300 million in Misbah Cosemtics over 3 years

MG News | July 30, 2018 at 11:15 AM GMT+05:00

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In an Extra Ordinary General Meeting held on July 28, 2018, the Board of Directors and members of Macter International Limited (MACTER) approved the investment of up to Rs. 300 Million by the company in M/s. Misbah Cosmetics (Pvt) Limited (MCPL).

The purchase of shares will take place in three years, says a notification by the company on the Pakistan Stock Exchange.

MCPL has been a privately associated company of Macter International Limited.

The Company has been authorized by members to issue the corporate guarantee of up to Rs. 100 million at a time to the bank(s) for financing arranged or to be arranged by MCPL.

PSX notification

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