Softlogic Capital goes for Rs. 2.89bn Rights Issue

Softlogic Capital PLC yesterday (17) announced that the board of the directors of the company has resolved on 14 August 2020 to issue Rs.289,027,200 ordinary shares by way of Rights issue to the shareholders of the company in the proportion of 21 new shares for every 50 existing ordinary shares held as the date of allotment at a consideration of Rs.3.50 per share.

The Proceeds from the Rights issue will be used for the purpose of investing in Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, the company stated in a stock exchange filing.

The current stated capital of the company is Rupees Two Billion Eight Hundred and Eighty Million (Rs.2, 880,000,000.00).


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Source From biz.adaderana
Author: Isma Izzath
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