Unity Foods raises Rs 4.47 billion through Rights Issue of shares
By MG News | September 11, 2020 at 05:46 PM GMT+05:00
September 11, 2020 (MLN): Unity Foods Limited has notified the exchange that it has raised Rs 4.47 billion from the shareholders against the issue size of PKR 4.5 billion through rights issue of shares.
According to the notification issued to PSX, the allocation of unsubscribed portion of the Right Issue which is Rs 25.33 million shall be decided by the Board of Directors of the company in accordance with Section 83 of the Companies Act 2017.
The decision of the Board regarding the allotment of the unsubscribed shares shall be communicated to the Exchange along with a certificate from the External Auditors of the company confirming receipts of the entire amount of the Right Issue, the notification said.
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