Karachi January 13 2022: UNITYR3 declined 43.15 percent or PKR 0.85 in today trading session at PSX to close the session at 1.12 with volume of 26.2 million shares, according to data published by Pakistan Stock Exchange.
Cumulatively investors lost 60.7 percent or PKR 1.73 on investment of PKR 2.85 in last two trading days of unity right.
A L S O || R E A D
G3 Technologies Utilized 35 Percent Of Funds Raised Through Rights: PSX
The trading in the Unpaid Rights of the Unity Food Limited ended on Pakistan Stock Exchange w.e.f. today Friday January 14. 2021.
The company has issued approximately 20.12 Right Shares for every 100 shares held (i.e., approximately 20.12 percent), at par (i.e., PKR 10 per share) (inclusive of Premium of PKR 17 per share).
The Company issued 200,000,000 (Two Hundred Million) ordinary shares, at a price of PKR 27/- (Pak Rupees Twenty-Seven) per share, aggregating to PKR 5,400,000,000/- (Pak Rupees Five Billion Four Hundred Million).
The purpose of the Right Issue is to meet the increased working capital requirements of the Company and enhance shareholders’ value.
