Tariq Glass Industries approves investment of up to Rs4.4bn in Lucky TG

MG News | March 21, 2022 at 04:07 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 21, 2022 (MLN): The shareholders of Tariq Glass Industries Limited (TGL) have approved long term equity investment of up to Rs 4,414,900,000 from time to time in Lucky TG (Private) Limited, the company’s filing on bourse showed today.

The investment is proposed for subscribing, at Par company’s fully paid-up to 441,490,000 ordinary shares of Rs10 each as may be offered to the company from time to time pursuant to the requirements of the companies Act 2017 including subscription of ordinary shares to be taken up by the company as a subscriber to the memorandum of Association on the incorporation of the proposed Lucky TG (Private) Limited, the notice read.

As per the notice, the aforesaid resolution shall remain valid for a period of five years from the passing thereof and the CEO or Company Secretary has been singly empowered and authorized to take all necessary actions, deeds and things which are or may be necessary for the giving effect to the aforesaid resolution.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,448.82 143.47M	-0.66% -1175.06
ALLSHR	106,769.07 432.00M	-0.65% -703.19
KSE30	52,781.88 54.50M	-0.66% -349.68
KMI30	249,145.04 69.29M	-0.67% -1669.89
KMIALLSHR	68,482.96 204.02M	-0.71% -488.53
BKTi	50,266.66 13.06M	-0.99% -502.82
OGTi	34,754.21 2.45M	-0.70% -244.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,410.00	64,585.00 63,520.00	540.00 0.85%
BRENT CRUDE	86.89	88.13 86.35	2.80 3.33%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	81.78	83.30 79.92	2.52 3.18%
SUGAR #11 WORLD	14.75	14.77 14.56	0.20 1.37%