Thirty companies win GDIB Awards 2020
Business
January 1, 2021
ISLAMABAD: Thirty Pakistan-based companies have won the Global Diversity and Inclusion Benchmarks (GDIB) Awards, 2020, in multiple categories, which will be presented to the winners at a ceremony scheduled for March 4, 2021 in Karachi, a statement said on Thursday.
The Top Ten Winners included Pakistan Poverty Alleviation Fund, METRO, Engro Fertilizers Limited, Nestle Pakistan Limited, Pakistan Tobacco Company, Abacus, Standard Chartered Bank Pakistan Limited, Engro Energy Limited, The Aga Khan University and Faysal Bank Limited, the statement said.
Overall winners are Khaadi Pakistan (SMC-Pvt) Limited, The First MicroFinanceBank Limited, S&P Global Pakistan, Bank Alfalah, Hashoo Foundation, AGP Limited, Philip Morris Pakistan Limited, U Microfinance Bank Limited, Gray Mackenzie Restaurants International Limited (KFC Pakistan), Allied Bank Limited, PTCL, TAF Foundation, ICI Pakistan Limited, Telenor, Engro Polymer
The listing of the said shares took place today.
Engro Polymers and Chemicals Limited aimed to raise Rs. 3 billion, through 300 million preference shares of the face value of Rs. 10 per share. Out of the 300 million preference shares, 262.5 million preference shares (87.5 percent) were offered to and subscribed by the Pre-IPO investors. Whereas 37.5 million preference shares (12.5 percent) were offered to the general public.
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The applications were received for subscriptions of more than 202 million shares being received against an allocated target of 37.5 million shares in the general public portion of the said IPO. The result of the IPO has thus been oversubscription by 5.39 times or by more than 164.547 million shares or Rs. 1.645 billion.
Ishan Dyes & Chemicals Limited receives order of Rs. 40 crore
Posted On: 2020-12-29 01:49:34 (Time Zone: Arizona, USA)
Ishan Dyes & Chemicals Limited ( IDCL or the Company ) has received local and exports orders aggregating to 680 MT having approx. value of INR 40.00 Crores, thereby the entire production capacity of the Company is totally booked till end of 31st March 2021.
The Company is encouraged to mention that post lock down the demand for the products of the Company are very strong and is likely to remain strong for 2021 also for following main reasons:
- The products of the Company are mainly used for Inks, Paints, Plastics, Textiles, Rubbers and Coatings industry which are at present outperforming globally due to increase in demand and consumption of essential products like soap, detergent, foods, medical packaging, digital media etc.
Firms raise Rs35b via share offers
Four new companies went public while 14 issued right shares
Their families continue to live under deplorable conditions. PHOTO: MARIAM ESSA/EXPRESS
Pakistani companies have raised interest-free investment worth Rs35.4 billion through the offer of shareholding to corporates, rich and retail investors at the Pakistan Stock Exchange (PSX) during the outgoing year 2020, according to a brokerage-led research house on Wednesday.
The stock market welcomed four new firms whose shares became available for trade among investors. “PSX witnessed four initial public offerings/IPOs (including preference share listing) in 2020 in sectors like steel, meat processing, telecom and chemicals. Together these companies raised Rs8.4 billion,” Topline Research reported.
Altech Chemicals Ltd (ASX:ATC) 25% Sale of Altech Industries Germany Finalised
25% Sale of Altech Industries Germany FinalisedPerth, Dec 23, 2020 AEST (ABN Newswire) - Altech Chemicals Limited (
FRA:A3Y) is pleased to announce that it has now finalised the sale of 25% of its German subsidiary, Altech Industries Germany GmbH (AIG), for EUR 5.0 million (~A$ 8.3 million) to Frankfurt Stock Exchange listed Altech Advanced Materials AG (AAM).
Highlights
- Acquired by Frankfurt Stock Exchange listed Altech Advanced Materials AG
- EUR5.0 million (A$8.3 million) payable over 3 years
- Initial EUR250,000 cash consideration received
- AIG has the right to use Altech s HPA manufacturing technology