Service Industries allows its subsidiary to invest Rs100mn in Jomo Technologies

MG News | June 10, 2022 at 04:03 PM GMT+05:00

0:00

June 10, 2022 (MLN): The board of directors of Service Industries Limited (SRVI) has allowed its wholly-owned subsidiary Service Industries Capital Pvt Limited (SICL) to invest the funds amounting to Rs100 million to be provided by SRVI, in Jomo Technologies Pvt Limited.

In a notice to exchange, the company said that the funds to be provided by SRVI to its wholly-owned subsidiary SICL as long-term equity investment amounting to Rs100 Million shall be applied by SICL towards investment in its associated company, Jomo Technologies (Private) Limited.

The investment will be made by way of a working capital loan facility with or without any conversion option instead of making investments in securities, listed or otherwise, of associated or other companies, the notice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,691.66 234.13M	1.86% 3065.37
ALLSHR	100,395.57 438.92M	1.41% 1396.34
KSE30	51,375.72 89.79M	2.05% 1033.18
KMI30	235,002.61 78.21M	2.61% 5988.18
KMIALLSHR	64,217.91 212.63M	1.84% 1160.00
BKTi	49,519.18 31.31M	1.00% 490.64
OGTi	32,756.35 11.10M	2.01% 646.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%