Shell Pakistan successfully utilizes proceeds from right shares

MG News | March 07, 2022 at 03:52 PM GMT+05:00

0:00

March 07, 2022 (MLN): The Board of Directors of Shell Pakistan Limited has informed that the proceeds from the right shares have been utilized, in order to reduce current debt levels, manage working capital, and support operations, the company said in a progress report of right issue.

To note, the company has decided to increase the paid-up capital by issue of a further 107,012,331 ordinary shares, having a face value of Rs10 as right shares. The purpose of the right issue is to meet the requirements of the company to effectively implement its business plan, with a view to enhancing the profitability of the company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,150.42 424.96M	-0.75% -1303.52
ALLSHR	104,363.56 708.75M	-0.58% -607.69
KSE30	52,816.28 179.58M	-0.72% -382.25
KMI30	245,363.66 125.15M	-0.41% -1015.13
KMIALLSHR	67,373.39 398.72M	-0.35% -233.28
BKTi	49,278.66 105.95M	-1.36% -677.84
OGTi	34,757.87 15.47M	1.78% 609.42

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,065.00	70,170.00 66,730.00	-1770.00 -2.57%
BRENT CRUDE	67.70	69.04 67.25	-0.95 -1.38%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-2.25 -2.29%
ROTTERDAM COAL MONTHLY	105.50	105.50 105.50	0.15 0.14%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.77	64.14 62.33	-0.12 -0.19%
SUGAR #11 WORLD	13.59	13.86 13.57	0.10 0.74%