SHFA to Boost Investment in Shifa National Hospital Faisalabad

In a notification sent to PSX on 26/04/2024, Shifa International Hospitals (SHFA) announced a bold move in reinforcing subsidiary’s growth.

The Board of Directors of Shifa International Hospitals Limited have, in their meeting held on April 25, 2024, resolved to make additional equity investment of Rs. 1.606 billion in its subsidiary namely Shifa National Hospital Faisalabad (Pvt.) Limited. This is in addition to already invested equity of Rs. 1.58 billion. The notice of the Extraordinary General Meeting along with statement of material facts for taking approval of the shareholders shall be communicated.

The shares of SHFA were last trading at Rs. 131.50 today.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →