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

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

Add Mettisglobal as a Trusted Source on Google

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

APAG book building oversubscribed 1.84x, strike price set at Rs33

PSX Closing Bell: A Soft Step Up

BOP profit surges 44% to Rs9.37bn in 1HCY26

Name	Price/Vol	%Chg/NChg
KSE100	177,696.51 304.87M	0.21% 373.73
ALLSHR	107,705.18 655.88M	0.15% 159.56
KSE30	52,933.03 152.01M	0.35% 184.89
KMI30	251,798.59 90.78M	0.35% 875.46
KMIALLSHR	69,442.62 342.89M	0.12% 85.14
BKTi	50,491.32 102.65M	0.60% 299.36
OGTi	36,062.21 6.01M	0.11% 39.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,190.00	78,190.00 77,660.00	355.00 0.46%
BRENT CRUDE	88.29	88.75 87.26	-0.23 -0.26%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.95 0.87%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.20 0.16%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	83.44	83.78 82.25	-0.09 -0.11%
SUGAR #11 WORLD	17.56	18.66 17.44	-0.63 -3.46%