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International Packaging Films Limited disclosed that its 52% owned subsidiary, Petpak Films (Private) Limited, has approved a right issue of approximately PKR 2.13 billion at par value of PKR 10 per share. The issue is intended to restructure debt and optimize Petpak’s capital structure. Depending on final subscription levels, the Company’s effective group holding in Petpak may increase from 52% to about 61.6%.
Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
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