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PAKISTAN COMMISSION MAY RAISE SIZE OF IPO OF PPL, KOT ADDU POWER.
KARACHI, May 3 Asia Pulse - The Privatization Commission is considering the proposal to increase the percentage of shares for the upcoming Initial Public Offering (IPO) of Pakistan Petroleum Limited (PPL) and Kot Addu Power Company (Kapco) to accommodate maximum number of smaller applicants and to further broadening of the ownership base.
It was discussed in a meeting under the chairmanship of Salim Gul, Federal Secretary Ministry of Privatization, according to a handout.
The meeting was informed that the proposal was being reviewed in view of the recent secondary public offering of Sui Southern Gas Company (SSGC) shares, which set historic record of participation of more than 250,000 smaller applicants and due to the size of the offer only 67,000 smaller applicants were accommodated through balloting even after exercising the green shoe option.
In order to implement the government's policy to pass on the benefits to the general public, the proposal will be ...
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Source: HighBeam Research, PAKISTAN COMMISSION MAY RAISE SIZE OF IPO OF PPL, KOT ADDU POWER.