Karachi October 27 2022: The board of directors of Adamjee Insurance Company Limited in its meeting held today on October 27, 2022, has decided to make equity investment up to Rs. 250 million by purchasing shares at prevailing market price but not exceeding Rs.35/- per share in Pakgen Power Limited an associated Company.
Pakgen Power Limited share price gain Rs1.4 or 6.97 percent to close trading at Rs21.49 on Pakistan Stock Exchange.
About the Company
Adamjee Insurance Company Limited is a public limited Company incorporated in Pakistan on September 28, 1960 under the repealed Companies Act, 1913 (now the Companies Act, 2017). The Company is principally engaged in the general insurance business.
