Saif Power to invest $20 million in Saif Cement (Private) Limited

MG News | April 30, 2018 at 02:00 PM GMT+05:00

0:00

Saif Power Company Limited (SPWL) today were today authorizes by the members of its company to make and equity investment up to US $20 million.

The company in a notice addressed to the exchange informed that, it is “hereby authorized to make equity investment up to Rupee equivalent of US $ 20 million in Saif Cement (Private) Limited, an unlisted company to acquire 221 million (approx.) ordinary shares at par value of PKR 10 per share.

Related News

Fast Cables streamlines operations, expects PKR 100mn annual savings

Oil falls to $103, KSE-100 jumps nearly 3% on diplomatic hopes

Capital market drive gains momentum in Islamabad

Name	Price/Vol	%Chg/NChg
KSE100	171,704.76 562.66M	4.23% 6962.29
ALLSHR	102,482.11 1,196.47M	3.95% 3892.19
KSE30	51,734.35 279.44M	4.53% 2242.85
KMI30	246,406.23 267.53M	4.17% 9855.14
KMIALLSHR	66,517.53 655.25M	3.98% 2547.90
BKTi	47,795.75 95.95M	4.80% 2186.96
OGTi	35,771.39 36.24M	5.10% 1734.94

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,600.00	82,615.00 81,005.00	655.00 0.80%
BRENT CRUDE	101.04	109.02 100.31	-8.83 -8.04%
RICHARDS BAY COAL MONTHLY	114.00	0.00 0.00	0.15 0.13%
ROTTERDAM COAL MONTHLY	110.10	110.10 110.10	-0.30 -0.27%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	92.87	102.70 92.10	-9.40 -9.19%
SUGAR #11 WORLD	14.63	15.35 14.60	-0.74 -4.81%