Business

Prema Milk Owner Raises Rs. 800 Million in Sukuk Auction

At-Tahur Limited (PSX: PREMA) has successfully raised Rs. 800 million through a Sukuk III issue, according to a material information notice submitted to the Pakistan Stock Exchange.

The company informed the exchange that the face value of the Sukuk was Rs. 700 million, along with a green shoe option of Rs. 200 million.

Out of this, the issue was successfully concluded at Rs. 800 million, including Rs. 100 million raised through the green shoe option.

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The development provides fresh funding support to the company and reflects investor interest in its financing program.

Tahur Limited is best known as the company behind the Prema dairy brand and is one of Pakistan’s notable players in the packaged dairy and farm fresh milk segment. The company operates a vertically integrated dairy model, with operations spanning livestock farming, milk processing, and packaged dairy products.

Listed on the Pakistan Stock Exchange, At-Tahur has built its presence in the premium milk and dairy products market, particularly through fresh milk, yogurt, and related consumer offerings.

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Published by
Muhammad Bilal