Karachi: Securities & Exchange Commission of Pakistan (SECP) ne Baluchistan Glass Limited (BGL) ko 376,912,057 ordinary shares issue karne ki manzoori de di hai. Ye shares Rs. 10/- par value ke sath total Rs. 3,769,120,570/- ke barabar hain.
Ye shares “other than right offer” ke zariye M/s MMM Holding (Private) Limited ko diye jaenge, jo ke company ke outstanding loan ke muqablay mein issue honge.
structure ko mazboot karne aur company ke loans ko restructure karne ke liye uthaya gaya hai. Ye shares MMM Holding (Private) Limited ko directly transfer kiye jaenge, jo company ke ek major stakeholder hain.
SECP ki is approval ke baad, company Pakistan Stock Exchange ke zariye apni compliance aur further disclosures ke liye tayar hai. Ye faisla investors aur market ke liye ek ahm development hai, jo company ke growth aur stability ke liye madadgar hoga.
