Dawood Lawrencepur Invests Rs 280 Million in Reon Energy Ltd via Right Shares

In a recent stock filing, Dawood Lawrencepur Limited revealed that (DLL) the company’s Board of Directors have approved investment of Rs. 280 million by subscription of 28,000,000 Right Shares of Reon Energy Limited at par value of Rs. 10 each.

It was decided in a board meeting held on December 8th, 2017. Reon Energy Limited is a wholly owned subsidiary of Dawood Lawrencepur Limited.

Dawood Lawrencepur Limited is a public limited company and is quoted on Pakistan Stock Exchanges. It is principally engaged in the manufacture and sale of yarns and fabrics made from natural & man-made fibres and blends.

In May 2004, the company’s name was changed to Dawood Lawrencepur Ltd. due to the amalgamation of Dawood Cotton Mills Ltd., Burewala Textile Mills Ltd., Lawrencepur Woollen & Textile Mills Ltd. & Dilon Ltd.

Dawood Lawrencepur Limited is the first producer of worsted fabrics and garments in Pakistan. It is an integrated company of the Dawood Group.

Reon Energy Limited is one of the leading solar energy companies in Pakistan with technical and financial expertise to design, deploy and maintain operations.