Mughal Energy utilizes Rs325m for loan repayment, working capital

MG News | June 28, 2024 at 03:32 PM GMT+05:00

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June 28, 2024 (MLN): Mughal Energy Limited (PSX: GEMMEL) has utilized the initial offer shares fund worth Rs325 million in accordance with the manner mentioned in its memorandum.

As of June 27, 2024, the company has repaid the sponsors' loan amounting to Rs304.94m.

Additionally, Rs20m has been utilized in bolstering working capital.

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