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

Add Mettisglobal as a Trusted Source on Google

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	166,419.72 133.15M	0.14% 233.55
ALLSHR	100,871.92 395.66M	0.05% 48.64
KSE30	49,316.65 59.50M	0.05% 23.11
KMI30	239,907.60 63.28M	-0.05% -114.34
KMIALLSHR	65,473.69 245.25M	-0.00% -2.07
BKTi	45,849.28 9.86M	0.23% 104.46
OGTi	33,523.02 3.37M	-0.51% -171.71

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,540.00	81,795.00 80,850.00	-60.00 -0.07%
BRENT CRUDE	109.95	110.00 104.91	4.03 3.80%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.05 0.04%
ROTTERDAM COAL MONTHLY	145.10	0.00 0.00	0.15 0.10%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	99.04	99.34 95.29	2.54 2.63%
SUGAR #11 WORLD	20.85	21.01 20.47	-0.28 -1.33%