The Pakistan General Insurance Company Limited (PSX: PKGI) has received a new acquisition offer for roughly 3.8 million of its shares.
Muhammad Shahzad Habib and his associates have formally launched a public offer to acquire 7.64 percent shares, equivalent to 3,822,101 ordinary shares, of the company.
The acquisition offer is subject to a minimum acceptance level of 5.35 percent shares, or 2,675,471 ordinary shares, in line with the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
Offer letters and acceptance forms have been dispatched to shareholders of the target company, with the acceptance period scheduled from July 9 to July 15, 2025, during business hours, the notice added.
