Bawany Air Products Limited has announced the successful subscription of its right issue by a substantial shareholder.
- A total of 319,712,000 right shares were fully subscribed.
- The amount raised is PKR 3,197,120,000 (PKR 3.19B).
- The exercise price was set at PKR 10 per share.
- This subscription represents 53.29% of the total right issue.
- The announcement is in accordance with the Companies (Further Issue of Shares) Regulations, 2020.