STYLERS shareholders invest Rs2.3bn in right shares

MG News | July 09, 2024 at 11:44 AM GMT+05:00

0:00

July 09, 2024 (MLN): The Sponsors / Directors and Substantial Shareholders of Stylers International Limited (PSX: STYLERS) have fully subscribed an amount of over Rs2.3 billion to purchase the right shares of the company.

This amount represents the entitlement of 52,954,358 right shares of STYLERS at an exercise price of Rs43.50 per share.

Moreover, an Auditors Certificate dated July 08, 2024, from the statutory auditors Riaz Ahmad & Company, Chartered Accountants confirms the receipt of subscription money for the issuance of right shares.

STYLERS informed market participants of this development through a notice issued to the local bourse today.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,398.71 270.15M	-1.06% -1612.55
ALLSHR	90,084.08 469.39M	-0.93% -849.88
KSE30	45,453.36 99.47M	-1.14% -522.50
KMI30	218,271.12 195.05M	-0.92% -2019.44
KMIALLSHR	58,965.48 294.49M	-0.81% -483.69
BKTi	41,775.34 33.94M	-0.76% -317.96
OGTi	31,328.42 11.96M	-0.61% -192.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,950.00	67,625.00 66,480.00	-230.00 -0.34%
BRENT CRUDE	109.24	109.74 99.08	8.08 7.99%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	112.06	113.97 97.50	11.94 11.93%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%