Ahmed & Qazi has represented Mirpurkhas Sugar Mills Limited in its listed rights issuance of 20,000,000 ordinary shares at a premium price of PKR 25/- per share, aggregating to an issue size of PKR 500 million.
A Ghulam Faruque Group company, Mirpurkhas operates one of the most efficient sugar mills in Pakistan as well as one of the largest paper production factories in the country.
The issue proceeds will be utilized by Mirpurkhas to meet its growing working capital requirements, including purchasing raw materials and paying for chemicals, stores, spares and related maintenance expenses.
Due to the efforts of the relevant teams, the right shares have been successfully issued through the CDS on 27th May 2024.
A&Q team was led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Senior Associate).
