KES Power fully subscribes to rights shares

03 Dec, 2011

The sponsors and holding company of Karachi Electric Supply Company (KESC), M/s KES Power Ltd have fully subscribed to their portion (72.58 percent) or rights shares at the subscription price of Rs 3.50 per share. According to a communiqué to KSE here Friday, KESC has confirmed the receipt of more than Rs 3.921 billion from KES Power Ltd against 1.120 billion rights shares 15 days ahead of last payment date of December 16, 2011.

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