Karachi September 7 2022: Ghani Chemical industries Limited (GCIL), one of the subsidiary Companies and the largest manufacturer of medical and industrial gases in Pakistan, has disinvested 3,288,372 ordinary shares of G3 Technologies Limited (GTECH), formerly Service Fabrics Limited, an associated undertaking on September 02.2022 at the rate of Rs. 10.05/- per share through NDM market.
Earlier on September 2 2022, GCIL had sold 16.5 million shares of GTECH, as per notice issued by its parent company.
Board of Directors of the G3 Technologies Limited (GTECH) in their meeting held on September 05 has decided to increase the paid up share capital of the Company by issuing Class B Shares that is being offered to the existing Ordinary Shareholders by way of right in the ratio 8.8045 percent for every one share held.
The share transfer books of the GTECH will be closed from September 22, 2022 to September 28, 2022 (both days inclusive) to determine the entitlement of the Right Shares.
