Tariq Glass to invest Rs1bn in Baluchistan Glass
.png?width=950&height=450&format=Webp)
MG News | October 03, 2024 at 03:14 PM GMT+05:00
October 03, 2024 (MLN): The shareholders of Tariq Glass Industries Limited (PSX: TGL) have resolved to renew an investment of up to Rs1 billion in Baluchistan Glass Limited (PSX: BGL), an associated company.
This investment will be provided in the form of a short-term loan, advance, or running finance as needed by BGL for a further period of one year from the date of approval, on a rollover or renewable basis.
Notably, the return on any outstanding loan amount will be the average borrowing cost of TGIL plus 1% or 3MK plus 1.50%, whichever is higher, along with other terms and conditions disclosed to the members.
Additionally, the members have empowered the Managing Director/CEO and/or any Director of the Company to make decisions regarding this investment.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 188,587.66 447.96M | -0.31% -579.17 |
| ALLSHR | 112,503.19 864.04M | -0.27% -306.46 |
| KSE30 | 58,026.90 154.92M | -0.31% -180.82 |
| KMI30 | 268,418.81 154.41M | -0.40% -1078.22 |
| KMIALLSHR | 72,509.98 547.02M | -0.44% -318.36 |
| BKTi | 53,346.13 36.88M | -0.33% -174.24 |
| OGTi | 38,638.48 11.10M | -0.64% -248.26 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 87,875.00 | 88,385.00 85,900.00 | -1625.00 -1.82% |
| BRENT CRUDE | 65.92 | 66.54 65.39 | 0.04 0.06% |
| RICHARDS BAY COAL MONTHLY | 86.75 | 0.00 0.00 | -3.00 -3.34% |
| ROTTERDAM COAL MONTHLY | 98.50 | 0.00 0.00 | -0.45 -0.45% |
| USD RBD PALM OLEIN | 1,027.50 | 1,027.50 1,027.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 61.06 | 61.71 60.60 | -0.01 -0.02% |
| SUGAR #11 WORLD | 14.73 | 14.79 14.67 | 0.00 0.00% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|