Pakistan Refinery revises final subscription figures

December 6, 2013 Off By Web Desk

Karachi: Pakistan Refinery Limited has informed Karachi Stock Exchange that the revised final subscription figures on both TFC1 and TFC2 stands at PKR 2,779,420,000.00. The reduction of PKR 28,000,000.00 from their previously reported subscription figure of PKR 2,807,420,000.00 is owing to rejection of 5 TFC1 applications in scrutiny.

Pakistan Refinery Limited also informed that the refund of refused applications has been made according to section 71 of the Companies Ordinance, 1984.