First Capital Equities Negotiating Debt Settlement

First Capital Equities Limited announced on Monday that it is currently engaged in discussions with its secured creditors and financial institutions. The aim of these negotiations is to reach a settlement regarding the company’s outstanding financial obligations under potentially favorable conditions.

This information was formally communicated by the company in a notice submitted to the Pakistan Stock Exchange (PSX) earlier today.

The notice also disclosed that the company is evaluating diverse strategic alternatives as part of its future business strategy. These options encompass potential involvement in real estate ventures.

“Upon successfully concluding the settlement with the relevant financial institutions, the Company intends to put its revised business strategies into action. Furthermore, the Company is committed to keeping the PSX informed and will make all necessary disclosures in accordance with legal requirements.”, the notice stated.

First Capital Equities Limited was officially established in Pakistan on January 26, 1995, as a private limited entity.

The company’s primary business activity involves the acquisition, construction, development, sale, leasing, and management of commercial properties, including shops, apartments, villas, and commercial buildings.