The basis of the Rights Issue will be two new ordinary voting shares for every one held. This involves the issuance of 9.
579 billion shares and will be at
The current stated capital of
789 billion ordinary voting shares.The company said the money raised from the Rights will be used for the settlement of debts.
As at
6 billion in long-term interest bearing borrowings,
6 billion in short-term borrowings and
The net asset per share of
06 at the group level and
42 at the company level. It last traded at Rs.
2.20. In the quarter ended
5.20 and the lowest was Rs.
3.70 before closing at Rs.
5.Browns Investments has 17,892 public shareholders while its public float is 21.26%.
The major shareholders are
(6.86%).
© Pakistan Press International, source