Karachi, Javedan Corporation Limitedinformed Pakistan Stock Exchange that the Right Issue of the Company amounting to Rs. 3,116,463,070/- has been subscribed uptoRs. 2,702,347,865/- as of the last date for Payment/renunciation that was January 05, 2018.
Javedan Corporation Limited was incorporated in Pakistan on June 8, 1961 as a public limited company. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The company has ceased the operations of its cement business since July 01, 2010. The management has developed a diversification strategy using which the land of the company shall be utilized for developing housing scheme namely NayaNazimabad.
The symbol “JVDC” is being used by the stock exchanges for the shares of Javedan Corporation Limited.