LSE Financial Services Plans Rs159 Million Rights Issue for SPAC and Pre-IPO Investments
LSE Financial Services has approved a Rs159 million rights issue, with 75% of the proceeds planned for SPAC investments and the remainder for pre-IPO, IPO, SPO and associate investments.
BAPL To Raise Rs5.99 Billion Through Rights Issue For ASSML Project
Bawany Air Products Limited will issue nearly 600 million shares to raise Rs5.99 billion for working capital and completion of its subsidiary ASSML’s sugar plant.
UBL Shareholders Approve Up To Rs22 Billion Investment In Khushhali Microfinance Bank
UBL shareholders approve an investment of up to Rs22 billion in Khushhali Microfinance Bank through a discounted rights issue, subject to regulatory approvals.
Pakistan Credit Rating Agency Resolves to Dilute Equity Stake in Tasdeeq Information Services by Passing on Rights Issue
The Pakistan Credit Rating Agency decides against subscribing to the new rights issue of Tasdeeq Information Services Limited reducing its total corporate shareholding.
Faysal Bank Boosts Subsidiary FICECL with Rs. 200 Million Rights Issue
Faysal Bank Limited (FABL) has injected Rs. 200 million into its subsidiary FICECL via a rights issue to comply with regulatory capital requirements, supporting the growth of its forex exchange operations.