Searle Company explores funding options for subsidiary

MG News | April 17, 2024 at 12:49 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 17, 2024 (MLN): The Searle Company Limited (PSX: SEARL) board has authorized to explore funding avenues for its subsidiary, Searle Pakistan Limited (SPL), it said in a company filing on Wednesday.

Options include reconsidering the listing of SPL on PSX, an initial Public Offering (IPO), strategic equity investment, strategic sale of SPL, or private placement of shares.

SPL is a leading pharmaceutical company with strong presence in several countries including Pakistan.

SPL formed strategic business alliances with reputed international firms like Organon, Schering Plough, MSD, Vifor & Santen by providing a full range of high quality professional services encompassing manufacturing, marketing, and sales.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,620.00	67,020.00 63,430.00	2960.00 4.65%
BRENT CRUDE	82.57	85.93 82.40	-4.76 -5.45%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	79.89	82.42 79.70	-4.99 -5.88%
SUGAR #11 WORLD	13.74	13.90 13.61	0.04 0.29%