SRVI approves investment worth Rs50om in Service Retail

By MG News | December 27, 2024 at 01:13 PM GMT+05:00

0:00

December 27, 2024 (MLN): The Board of Directors of Service Industries Limited (PSX: SRVI) has approved a long-term equity investment of Rs500 million in its wholly owned subsidiary, Service Retail (Private) Limited.

The investment will be made through the subscription of 50 million fully paid ordinary right shares at a par value of Rs10 each.

SRVI's principal activities include the purchase, manufacture and sale of footwear, tyres tubes and technical rubber products.

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