Bawany Air Products sets Rs6bn rights issue at 73% discount
Bawany Air Products Limited (PSX: BAPL) will issue 599,999,732 new ordinary shares by way of rights, aggregating to Rs5.99bn, at a ratio of 98.765 rights shares for every 100 shares held.
September 16, 2026 (MLN): Bawany Air Products Limited (PSX: BAPL) will issue 599,999,732 new ordinary shares by way of rights, aggregating to Rs5.99bn, at a ratio of 98.765 rights shares for every 100 shares held. The shares are priced at par value of Rs10 each, representing a discount of approximately 73% to the prevailing market price as of September 2, 2026, the date the board approved amendments in line with SEC...