The Karachi Stock Exchange (KSE) has approved the schedule of issue of right shares of Bestway Cement Limited (BCL). The trading in the unpaid rights of the company will start on this exchange with effect from May 13, 2011, a KSE notice issued here on Monday said. The first settlement date will be May 17, 2011, it added.
The unpaid rights of the company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned the Company Code/Security Symbol as "BWCLR".