SECP allows FFL to issue 1.17bn shares

MG News | January 24, 2023 at 02:46 PM GMT+05:00

0:00

January 24, 2023 (MLN): The Securities Exchange Commission of Pakistan (SECP) on Monday allowed Fauji Foods Limited (PSX: FFL) to issue 1.17 billion shares at the rate of Rs10 per share, amounting to Rs11.78bn by way of other than the right offer, the notice sent to PSX showed today.

Accordingly, FFBL Power Company Limited and FFC Energy Limited will be issued 400 million, and 465mn shares, respectively through fresh cash injection.

Meanwhile, 235mn shares will be issued to Fauji Foundation through fresh cash injection and conversion of loan.

In addition, Fauji Fertilizer Bin Qasim Limited will be issued 70.87mn through the conversion of markup on loans.

At the time of writing, the scrip of FFL is being traded at Rs4.56, up by 16 paisa or 3.64% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%