ENGRO to invest Rs.21.5bn in its subsidiary, Engro Connect (Pvt) Ltd


Engro Corporation Limited announced to to inject a total equity of PKR 21.5 billion in its telecommunications infrastructure vertical. This investment is being made in the companys wholly-owned subsidiary Engro Connect (Private) Limited, which will serve as a platform for our telecommunications vertical initiatives.

These funds will primarily be utilized to fuel expansion in the Build-to-Suite (BTS) tower business of Enfrashare (Private) Limited, including but not limited to provision of efficient energy solutions, installation of state-of-the-art network monitoring solutions and exploration of other investment avenues within the connectivity value chain.