Pakistan’s Amreli Steels to raise Rs1bn through direct share

The Board of Directors of Amreli Steels Limited has approved the issuance of up to 40 million ordinary shares for cash consideration at Rs25 per share, aggregating to Rs1 billion. The issuance, to be made other than by way of a rights issue, was approved during the company’s board meeting held on October 3, 2025, read a notice to the Pakistan Stock Exchange (PSX) on Monday. As per the notice, new shares—priced at Rs15 premium per share—will be subscribed entirely by Shayan Akberali, one of Amreli Steels’ existing sponsors, who currently holds a 17.09% stake. Following the proposed transaction, the new shares will represent up to 13.47% of the company’s existing paid-up capital and approximately 11.87% of the post-issuance capital.