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

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

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

China, Germany unite for future mobility education

PSX Closing Bell: Gains Locked In

IPAK profit more than triples in 9M

Name	Price/Vol	%Chg/NChg
KSE100	169,911.95 405.31M	0.83% 1392.01
ALLSHR	101,374.61 947.58M	1.04% 1046.92
KSE30	51,473.16 179.83M	1.09% 554.79
KMI30	246,056.32 173.35M	0.99% 2408.81
KMIALLSHR	66,195.48 466.66M	0.98% 640.12
BKTi	46,597.07 53.39M	0.51% 235.53
OGTi	35,201.74 24.03M	2.40% 825.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,040.00	75,250.00 74,960.00	-470.00 -0.62%
BRENT CRUDE	98.21	99.80 94.43	3.28 3.46%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	0.15 0.15%
ROTTERDAM COAL MONTHLY	103.50	0.00 0.00	0.35 0.34%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	89.78	90.09 89.57	-4.91 -5.19%
SUGAR #11 WORLD	13.67	13.77 13.55	0.16 1.18%