The Sponsors/Holding company of Karachi Electric Supply Company (KESC), M/s KES Power Limited, have fully subscribed to their portion (72.45 percent) of the subject right shares at the subscription price of Rs 3.50 per share. According to an information sent to Karachi Stock Exchange (KSE) on Wednesday this subscription was made 15 days before the last date of payment/renunciation which is 18 January 2011 in compliance with the requirement of Karachi, Lahore and Islamabad Stock Exchanges.
As per the subscription details total number of rights subscribed by KES Power are 1,116,039,140 shares and total subscription amount is Rs 3,906,136,990 at subscription price of Rs 3.50 per share.