EFU Life Assurance Limited has confirmed the issuance of a No Objection Certificate (NOC) for the release of funds related to its recently completed right issue.
- 45,000,000 Right Shares have been fully subscribed, raising a total of PKR 450,000,000.
- The right shares were offered at PKR 10 per share, with the subscription amount fully received.
- The Board of Directors authorized the right issue on August 21, 2026, and the allotment of unsubscribed shares to employees on November 6, 2026.
- The revised paid-up capital after the right issue will increase to PKR 1,500,000,000.
- The NOC is requested to facilitate the release of the subscription money by JS Bank Limited and CDC.
- All regulatory requirements have been fulfilled, with no conditions imposed by regulatory bodies.