The listed business K-Electric has applied to list its rated, unsecured, short-term Sukuk Certificates on the Pakistan Stock Exchange (PSX), the Exchange reported.
The entire offering amount is Rs3,000 million, of which Rs2,000 million—including a Rs1,000 million greenshoe option—would be made accessible to the general public and Rs1,000 million will already have been distributed to pre-IPO investors.
The Sukuk Certificates will be offered in denominations of Rs 10,000 or higher, and five certificates will require a minimum investment of Rs 50,000.
Operating under the Electricity Act of 1910 and the Regulation of Generation, Transmission and Distribution of Electric Power Act of 1997, K-Electric is principally engaged in the production, transmission, and distribution of electric energy in compliance with NEPRA rules.
