Telecard pays Rs110.43mn to its TFC holders

MG News | May 19, 2022 at 11:25 AM GMT+05:00

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May 19, 2022 (MLN): Telecard Limited (TELE), has paid Rs110.428 million to its Term Finance Certificate Holders ('TFC Holders') by using the proceeds of Rs200 million against its Offer for Sale (OFS) thus making 03 principal quarterly repayments through a single bullet payment, the company's filing on PSX showed on Thursday.

To note, the amount raised through the Initial Offering of Supernet Limited Shares (SNL), a subsidiary of Telecard, was Rs475mn out of which TELE received Rs200 against its OFS.

All in all, TELE has repaid Rs144mn to the TFC Holders in the current calendar year.

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