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Bawany Air Products Limited: Auditors Certificate Regarding Substaintial Shareholders Subscription to the Right Issue of Bawany Air Products Limited (BAPL)

DividendSTRONGLY POSITIVE

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.

About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange, per our editorial policy and data methodology. A summary for information, not investment advice — the original filing is the authoritative record.

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