Lucky Cement plans to raise funds for expansion

Lucky Cement plans to raise funds for expansion
Published: 22 April 2008

Lucky Cement Ltd said Monday it plans to raise funds soon by selling global depository receipts.
 
"The company is fully prepared to raise equity funds through global depository receipts at an appropriate time shortly for which all the required approvals have already been obtained," it said in a statement to the Karachi Stock Exchange.
 
A company official said in February it plans to raise $150 million by issuing global depository receipts by the end of the current fiscal year to June 30.