CTM decides to invest Rs30mn in Stitchrite Private Limited

MG News | November 24, 2022 at 02:00 PM GMT+05:00

0:00

November 24, 2022 (MLN): The board of directors of Colony Textile Mills Limited (CTM) has approved an equity investment of up to Rs30 million in its wholly-owned subsidiary Stitchrite (Private) Limited, the CTM’s stock filings on the stock exchange showed on Thursday.

In the filing company stated, “CTM will invest through subscribing the 3mn shares of Rs10 per each against the right offer made by Stitchrite Private Limited”.

At the time of writing, the scrip of the company is being traded at Rs3.25 which is down by Rs0.07 or 2.11% DoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	146,529.31 298.88M	-0.32% -476.02
ALLSHR	90,649.25 645.24M	-0.13% -120.81
KSE30	44,855.41 127.01M	-0.35% -156.33
KMI30	208,066.95 107.55M	-0.47% -973.43
KMIALLSHR	60,419.98 382.07M	-0.25% -150.87
BKTi	41,101.09 38.49M	0.35% 145.35
OGTi	30,764.81 26.70M	-1.30% -406.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	123,815.00	125,200.00 123,260.00	385.00 0.31%
BRENT CRUDE	65.91	65.98 65.74	0.28 0.43%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.00 62.70	0.25 0.40%
SUGAR #11 WORLD	16.83	17.02 16.78	-0.11 -0.65%