Panther Tyres raises Rs2.63b in IPO
Panther Tyres raises Rs2.63b in IPO Financing will be utilised for expansion of its tyre, tube manufacturing capacity 10 of 20 funds outperformed benchmark 100 index. PHOTO: FILE Panther Tyres Limited raised funds worth Rs2.63 billion through auction of 40 million shares to institutional, rich individual and retail investors at the Pakistan Stock Exchange (PSX) on Thursday. The financing will be utilised for expansion of its tyre and tube manufacturing capacity. The company got a share price of Rs65.8 each during the two-day (Jan 27-28) bidding process, which is better known as book building...
Source: tribune.com.pk