FFL issues 1.17bn shares to Fauji group subsidiaries!
Shareholders of FFL in the meeting held today resolves to issue 1.17bn shares to Fauji group subsidiaries at par Rs10 per share. This has been confirmed via Company’s filing on PSX.
The disbursement of shares is as follows:
| Company | Shares Volume | at Par | Total Value |
| FFBL Power Limited (FPCL) | 400,000,000 | Rs10 | Rs4bn |
| FFC Energy Limited (FFCEL) | 465,000,000 | Rs10 | Rs4.65bn |
| Fauji Foundation (FF) | 235,000,000 | Rs10 | Rs2.35bn |
| Fauji Fertilizer Bin Qasim Limited | 70,874,980 | Rs10 | Rs708.75mn |
In the meantime, the FFBL share will be issed against the conversion of accrued markup on a subordinated loan, worth Rs708.75mn to equity.
