A consortium has acquired an 83.96 percent stake in Calcorp Limited (PSX: CASH), the company informed the main bourse on Wednesday.
“On October 15, 2024, Optimus Limited informed the Company that a consortium of three individuals, namely, Mr. Asif Ali Sheikh, Mr. Muhammed Hanif and Mr. Kashif Mumtaz executed a Share Purchase Agreement on 15 October 2024 for the sale of Optimus Limited’s entire shareholding in the Company,” the stock filing stated.
The stake comprised 9,020,473 shares which represent 83.96 percent of the issued share capital of the Company, it added.
Completion of the Transaction will be subject to the issuance of a public offer by the Acquirors, receipt of requisite regulatory approvals, and the satisfaction of other closing formalities, the filing further stated.
CASH’s principal line of business is that of a general-purpose holding company capable of making investments in a range of marketable securities, intellectual property, and other assets plied for hire.
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