📰 Announcement · GCIL Ghani Chemical Industries Limited has issued a notice regarding a proposed rights issue to raise funds for its projects.
- The Board of Directors has recommended the issuance of up to 116,374,900 Class B Tracking Shares at an issue price of PKR 40.00 per share.
- The total amount to be raised through this rights issue is PKR 1,163,749,000.
- Proceeds will be allocated towards investments in the Project Silo for the Sono Lashari, Jandran, and Maiwand Projects.
- Further details regarding the entitlement date and book-closure period will be announced after shareholder approval at the Extraordinary General Meeting.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)