GGGL to invest Rs300mn in GCIL

MG News | November 03, 2022 at 01:13 PM GMT+05:00

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November 03, 2022 (MLN): The shareholders of Ghani Global Glass Limited (GGGL) on Thursday approved to make the investment of up to Rs300 million in Ghani Chemical Industries Limited (GCIL) an associated company, by way of advances and loans, as and when required by GCIL.

The return on such advances and loans shall not be less than the rate of 3 months KIBOR +85 bps and must be repayable within three years period starting from the date of payment.

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