Thall Limited to create $2.8m asset charge for ThalNova Power Thar

MG News | October 23, 2023 at 01:41 PM GMT+05:00

0:00

October 23, 2023 (MLN): The Board of Directors (BoD) of Thall Limited (THALL) has decided to create a charge on its assets up to $2.8 million for the purpose of securing the obligations of ThalNova Power Thar (Private) Limited (TN), THALL’s filing on local bourse revealed today.

The board has decided to either create a charge or provide necessary security as required by banks/financial institutions.

This commitment will be valid for 10 years or until the sponsors' liabilities are settled, whichever is later.

THALL will secure TN’s obligations under the letter of credit issued in favor of the Central Power Purchasing Agency (Guarantee) Limited.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,960.65 392.43M	0.97% 1646.79
ALLSHR	103,659.28 947.75M	0.62% 643.69
KSE30	52,557.52 150.39M	1.36% 703.46
KMI30	245,023.89 112.16M	1.14% 2764.20
KMIALLSHR	67,064.35 524.22M	0.51% 340.18
BKTi	47,590.36 57.61M	1.56% 728.93
OGTi	33,487.27 7.87M	-0.38% -127.99

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,775.00	89,660.00 85,530.00	-190.00 -0.22%
BRENT CRUDE	59.87	60.67 59.54	0.19 0.32%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.25 2.54%
ROTTERDAM COAL MONTHLY	97.50	97.50 97.50	0.75 0.78%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.06	56.85 55.73	0.25 0.45%
SUGAR #11 WORLD	14.47	14.80 14.38	-0.29 -1.96%