Mirpurkhas Sugar Mills Limited Sets Dates for Rights Issue with Premium

Mirpurkhas, In a recent disclosure to the Pakistan Stock Exchange, Mirpurkhas Sugar Mills Limited (MIRKSR) has outlined the timeline for its upcoming rights issue. The trading in left/right is scheduled to begin on April 8, 2024, with April 29, 2024, marked as the last day for trading. The deadline for the payment or renunciation of rights is May 7, 2024. Unlike typical rights issues, Mirpurkhas Sugar Mills has decided to issue its rights at a premium of PKR 15.00. This strategic decision indicates the company’s confidence in its future prospects and its aim to bolster its financial position through additional equity.