OTR acquisition
600m shares
We issued new shares to buy Alman Seyyam Sugar Mills (ASSML), which is now our subsidiary.
Strategy
Bawany Air Products Limited is building its future as a listed investment company. The plan is to grow by investing in shares and securities, acquire businesses that fit this strategy — such as Alman Seyyam Sugar Mills (Pvt.) Limited (ASSML), which is now a wholly owned subsidiary — and complete funded projects so the group can strengthen its asset base and create long-term value for shareholders.
Grow as a listed investment company focused on shares, securities, and long-term value for shareholders.
Acquire and hold shareholdings in businesses. Example: Alman Seyyam Sugar Mills (Pvt.) Limited (ASSML) is now a wholly owned subsidiary.
Support subsidiary project completion so the group can build its asset base and pursue returns for shareholders over time.
OTR acquisition
600m shares
We issued new shares to buy Alman Seyyam Sugar Mills (ASSML), which is now our subsidiary.
Rights issue
~600m shares
We are raising more money by offering new shares mainly to existing shareholders, to help finish the ASSML project.
Capital base after OTR
~1.2b shares
After the acquisition share issue, the company’s total shares are about 1.2 billion.