Matco Foods Limited has announced plans to list its wholly owned subsidiary, Falak Foods (Pvt.) Limited, as a separate legal entity on the Pakistan Stock Exchange (PSX).
The decision follows the recent transfer of Matco’s spice and masala packaging segment to Falak Foods under a Business Transfer Agreement signed earlier this week.
In a notice to the PSX, Matco Foods stated that after evaluating various equity-raising options, the company’s board has resolved to proceed with an initial public offering (IPO) of at least 25% of Falak Foods’ shares.
K-Trade Securities Limited has been appointed as the Consultant to the Issue for the proposed offering.
The move is aimed at unlocking value and supporting the growth of Falak Foods as an independent entity in the food sector.
