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Saif holdings transfers 62.25 mln ordinary shares of Saif Power as dividend in kind to its shareholders

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February 17, 2021 (MLN): The shareholders of Saif Holdings Limited (SHL), a Holding Company of Saif Power Limited (SPWL), in its Extraordinary General Metting held yesterday have approved dividend in kind by distributing ordinary shares held by SHL in the paid-up capital of SPWL

 Accordingly, SHL has approved distribution of 62,250,860 number of ordinary shares as dividend in kind to its shareholders which are 16.10% of SPWL paid-up capital.

After the transfer of above shares of SPWL to its shareholders, SHL shareholding in SPWL will decrease to 34.94%.

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Posted on: 2021-02-17T16:48:00+05:00

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