Supernet to raise around Rs915m through 85% right issue to fund growth

PSX Update • Jul 20, 2026

Supernet Technologies Limited (PSX: STL) plans to raise Rs914.77 million through a right issue to strengthen its working capital and partially settle outstanding consideration payable to its parent, Telecard Limited, for the acquisition of Supernet L

July 20, 2026 (MLN): Supernet Technologies Limited (PSX: STL) plans to raise Rs914.77 million through a right issue to strengthen its working capital and partially settle outstanding consideration payable to its parent, Telecard Limited, for the acquisition of Supernet Limited, according to the company's draft offer document submitted to the Pakistan Stock Exchange (PSX). The company will issue 91.48 million ordinar...