Tariq Corporation utilizes Rs198.62m from right issue for working capital

MG News | April 17, 2024 at 11:47 AM GMT+05:00

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April 17, 2024 (MLN): Tariq Corporation Limited (PSX: TCORP) has utilized the entire proceeds received from the right issue subscription worth Rs198.62 million, the company’s quarterly progress report issued to the bourse showed today.

The funds were utilized to fulfill the working capital requirements of the company, rather than any project development.

The company is principally engaged in the business of production and sale of sugar and its by-products.

At the time of writing, TCORP's share is being traded at Rs14.60, down by 4 paisa or 0.27% compared to the last close.

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