Zahir Khan & Brothers expresses interest in subscribing to BAPL’s unsubscribed rights issue shares
Rights / BonusBawany Air Products Limited submitted Zahir Khan & Brothers’ expression of interest to subscribe to any shares remaining unsubscribed after completion of the company’s ongoing rights issue, subject to regulatory requirements, existing underwriting arrangements and allocation by the Board. The issue comprises 600 million ordinary shares at Rs. 10 per share, aggregating to Rs. 6 billion. The expression of interest is not a confirmed allocation or subscription.
Key Findings
- Zahir Khan & Brothers expressed willingness to subscribe to the portion of BAPL’s rights issue shares that remains unsubscribed after the subscription process.
- BAPL’s ongoing rights issue is for 600 million ordinary shares at Rs. 10 each, aggregating to Rs. 6 billion.
- Any subscription is conditional on applicable regulatory requirements, existing underwriting arrangements and Board allocation.
- Zahir Khan and Mohabbat Khan are identified as ZKB partners, existing BAPL directors and shareholders of Alman Syiem Sugar Mills Limited.
Corporate Action Details
Action
Rights issue; expression of interest to subscribe to any unsubscribed portion
Issue price
PKR 10 / share
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
