Bawany Air Products Limited has submitted an Expression of Interest for the subscription of the unsubscribed portion of its ongoing Right Issue.
- The company is currently undertaking a Right Issue of 600 million ordinary shares at PKR 10 per share, totaling PKR 6 billion.
- Zahir Khan & Brothers (ZKB) has expressed interest in subscribing to any unsubscribed shares after the initial subscription process.
- The subscription is subject to regulatory requirements and allocation by the Board of Directors.
- ZKB is confident in the business prospects of BAPL and is prepared to arrange payment upon confirmation of allocation.