Inside Financial Markets

Secondary offering of Engro Fertilizer in Pipe line

engroSecondary offering of Engro Fertilizer in Pipe line

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.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

The Canadian Securities Institute


CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)