Byco Industries intends to divest up to 22% shares of BYCO

MG News | April 20, 2021 at 01:25 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 20, 2021 (MLN): Byco Petroleum Pakistan Limited (BYCO) has notified the Exchange that IGCF Oil and Gas Limited, one of the shareholders of Byco Industries Incorporated (BII), is desirous of reducing its indirect equity investment in BYCO held through BII.

Accordingly, as per arrangements agreed with IGCF, BII intends to divest up to 22% shares of BYCO.

As per the notice issued to PSX, BII intends to appoint advisors for potential sale by way of private placement to local and international investors subject to market conditions.

Copyright Mettis Link News

Related News

PSX Closing Bell: A Nudge in Green

Cordoba Logistics restructures loan, doubles CFSL investment limit to Rs2bn

Flying Cement achieves COD for new Line-II

Name	Price/Vol	%Chg/NChg
KSE100	168,580.41 244.16M	0.07% 120.30
ALLSHR	101,946.18 585.86M	0.19% 194.75
KSE30	50,388.99 127.07M	0.09% 42.89
KMI30	241,862.45 89.53M	-0.06% -139.53
KMIALLSHR	65,958.74 391.55M	0.03% 17.00
BKTi	46,868.04 8.39M	0.07% 34.29
OGTi	34,520.11 5.92M	-0.61% -212.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,475.00	83,600.00 83,310.00	-145.00 -0.17%
BRENT CRUDE	101.20	102.59 99.61	0.62 0.62%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	1.20 0.94%
ROTTERDAM COAL MONTHLY	143.70	144.00 143.00	-0.95 -0.66%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	89.02	89.06 88.80	0.74 0.84%
SUGAR #11 WORLD	20.85	21.24 20.17	0.03 0.14%