The Board of Directors of Fauji Fertilizer Company Limited (PSX: FFC) has approved the acquisition of shares and control in Agritech Limited (AGL) by the Company along with any associated company(ies), any other shareholder(s) of the Target or any other person/entity, led by the Company.
Subject to completion of necessary corporate and regulatory formalities where required, the Board authorized the issuance of a Notice of Intention to AGL, PSX and SECP, appointed Integrated Equities Limited as Manager to the Offer (MTO), and sanctioned the commencement of due diligence and negotiation of acquisition terms, according to a notification to the Pakistan Stock Exchange (PSX).
The principal activity of the Company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizers, chemical, cement, energy generation, food processing and banking operations.
At the time of filing, the company’s scrip at the bourse was Rs. 180.89, down 1.83 percent or Rs. 3.38 with over 3.38 million shares on Tuesday.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
I have been surfing online more than 3 hours today yet I never found any interesting article like yours It is pretty worth enough for me In my opinion if all web owners and bloggers made good content as you did the web will be much more useful than ever before