Sunridge Foods invests Rs500m in Unity Technologies, secures subsidiary status

MG News | September 11, 2024 at 02:53 PM GMT+05:00

0:00

September 11, 2024 (MLN): Sunridge Foods (Private) Limited (Sunridge), has made an investment of Rs500 million in Unity Technologies (Private) Limited (Unity Technologies).

Unity Foods Limited (PSX: UNITY), the parent company of Sunridge Foods informed market participants vide a notice issued to the local bourse today.

Through this investment, Sunridge will subscribe to 50,000,000 ordinary shares at Rs10 each, thereby making Unity Technologies its subsidiary.

The notice further informed that Unity Technologies has made an investment of Rs100m in Sunridge Mart (Private) Limited (Sunridge Mart) for the subscription of 10mordinary shares making Sunridge Mart its subsidiary.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%