Amreli Steels Limited has received approval from the Securities and Exchange Commission of Pakistan (SECP) to issue 40 mln ordinary shares at PKR 25 per share. The direct issuance totals PKR 1 bln (USD 3.55 mln).
The company said the proceeds will support its master debt restructuring plan in line with lender requirements, strengthening its capital structure and marking a significant step in its ongoing debt management efforts.
Amreli Steels maintains an annual production capacity of 600,000 tons for billets and a rebar manufacturing capacity of 605,000 tons per annum.
1 USD / 281.5 PKR
