CSAPL/CS-10/274
June 15, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi.
RE: SUBSCRIPTION OF RIGHT SHARE OF WHOLLY OWNED SUBSIDIARY
Dear Sir,
In accordance with the applicable provisions of the Securities Act, 2015 and the PSX Regulations, we hereby convey the following information:
"The Company has received an offer letter from CS Capital (Private) Limited - a wholly owned subsidiary, for subscription of 15 million right shares of Rs. 10 each amounting to Rs. 150 million. The right shares will be subscribed by the Company."
You may please inform the TRE certificate holders of the Exchange according.
Thanking you,
Yours truly,
Crescent Steel and Allied Products Limited
Azeem Sarwar, FCA
Company Secretary
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Crescent Steel & Allied Products Ltd. published this content on 16 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2023 04:27:07 UTC.