IFM sources suggests ENGRO Corp is willing to raise funds for their Engro Elengy project for which they are expected to offload some of their holdings of Engro Fertilizer. Secondary offering of EFERT will allow Engro to raise finance estimated finance of PKR 1bn by divesting 10% holding. This will have an incremental EPS impact of around PKR 10/share on ECORP earnings.
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