S.G. Power Limited issues draft rights issue offer document for PKR 534.996 million

Rights / Bonus

S.G. Power Limited (to be renamed Crestwell Healthcare Limited) has circulated a draft offer document for a rights issue of 53,499,600 ordinary shares at PKR 10 per share, raising PKR 534,996,000. The issue is intended to fund acquisition-related costs in the healthcare/pharmaceutical sector and subsequent working capital needs.

Key Findings

Rights issue size is 53,499,600 ordinary shares at par value of PKR 10 each, equal to approximately 300% of existing paid-up capital.
Proceeds are planned for acquiring 50% shareholding and controlling interest in a pharmaceutical company to be incorporated, plus DRAP registration/licensing and working capital.
The document states the company plans to use PKR 250 million for acquisition, PKR 10 million for DRAP-related costs, and about PKR 275 million for working capital.
Board approved the rights issue on May 18, 2026.
Several directors/substantial shareholders have committed to subscribe to their entitlements; the balance is stated to be underwritten.

Corporate Action Details

Action

Rights Issue

Ratio

3 rights shares for every 1 ordinary share held

Percentage

300%

Amount

PKR 10 / share

Original PDF

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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.

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S.G. Power Limited issues draft rights issue offer document for PKR 534.996 million

Key Findings

Corporate Action Details

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