Reliance Weaving to convert outstanding loans of Fatima Energy into redeemable Preference Shares

MG News | February 17, 2022 at 03:40 PM GMT+05:00

0:00

February 17, 2022 (MLN): The Board of Directors of Reliance Weaving Mills Limited has approved the conversion of outstanding loans and advances of Fatima Energy Limited amounting to Rs. 763,778,970 into 76,377,897 unlisted, non-voting, non-cumulative, participatory, convertible and redeemable Preference Shares at par value of Rs10 each, company’s filing on bourse showed today.

The aforesaid approval is subject to the approval of shareholders of the Company.

In addition, the board has decided to hold the Extraordinary General Meeting of the company on Thursday, March 10, 2022 to consider the aforesaid Special Business.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	188,555.19 375.38M	0.19% 352.33
ALLSHR	112,780.44 836.37M	0.32% 357.21
KSE30	58,095.94 97.60M	0.24% 139.46
KMI30	267,645.79 94.88M	0.10% 270.46
KMIALLSHR	72,578.22 446.79M	0.30% 215.02
BKTi	53,743.72 30.50M	0.48% 257.75
OGTi	39,423.88 15.19M	1.30% 507.28

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,315.00	89,505.00 88,770.00	-75.00 -0.08%
BRENT CRUDE	67.32	68.16 67.13	-0.25 -0.37%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.65 -2.96%
ROTTERDAM COAL MONTHLY	99.00	0.00 0.00	0.50 0.51%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.25	63.00 62.07	-0.14 -0.22%
SUGAR #11 WORLD	14.82	14.87 14.76	-0.01 -0.07%