Stock Market

GLPL to increase its authorized capital from Rs. 200Mn to Rs. 400Mn

In a latest notifictaion to the PSX, Gillette Pakistan Limited (PSX:GLPL), has resolved that the authorized capital of the company to be increased from Rs. 200 million divided into 20 million ordinary shares of Rs. 10 each to Rs. 400 million divided into 40 million ordinary shares of Rs. 10 each.

It has been further resolved that the ordinary shares when issued shall carry equal voting rights and rank pari passu with the existing ordinary shares of the company in all respects/matter in conformity with the provisions of the Companies Act, 2017.

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