Amreli Steels raises Rs2.83bn from book building

KARACHI: Amreli Steels Limited (AMSL) book building process was oversubscribed by 1.5 times with the strike price set at Rs51, said a press release on Thursday.

The company received total bids for 138.8 million shares which translated to Rs6.45 billion.

“At Rs51 per share, the company raised Rs2.83bn from the book building,” analysts at Taurus Securities said.

Facebook ‘Like’ button set to get more emotive

MENLO PARK: Facebook’s trademark “Like” button is set to get more expressive.

The social network said on Thursday it is launching a pilot test of “Reactions”, which will allow users to express a range of emotions including love, happiness, anger and sadness.—Reuters

Uber to expand service to 100 Chinese cities

SHANGHAI: Car-hailing company Uber said on Thursday it is planning to expand into dozens more Chinese cities within a year and invest $1 billion as it looks to ramp up market share in the world’s most populous country. While the firm dominates the US ride-hailing sector, it has struggled to make headway in China with Beijing-based Didi Kuaidi controlling some 99pc of the market.—AFP

Published in Dawn, October 9th, 2015

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