Azgard Nine completes transactions for Muzaffargarh unit
MG News | November 13, 2025 at 03:44 PM GMT+05:00
November 13, 2025 (MLN):
Azgard Nine Limited (PSX:ANL) has completed a significant transaction related to its
Creditors' Scheme of Arrangement, involving the sale of lands associated with
the Muzaffargarh Unit along with all plant, equipment, and installations.
Agent Banks have confirmed the full completion of transactions related to the building and machinery at the Muzaffargarh Unit, the company's filing on PSX revealed today.
Proceeds amounting to Rs674 million, along with the net
accrued profit after deducting scheme-related expenses, have been distributed
to creditors.
Following is the updated position of the transaction:
|
Sr. No. |
Asset |
Offered Amount (PKR) |
Amount deposited/paid (PKR) |
Remaining Amount (PKR) |
|
1 |
Machinery |
474,000,000/− |
474,000,000/− |
NIL |
|
2 |
Building |
200,000,000/− |
200,000,000/− |
NIL |
|
3 |
Land |
746,000,000/− |
39,587,925/− |
706,412,075/− |
|
Total |
|
1,420,000,000/− |
713,587,925/− |
706,412,075/− |
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