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

VIS reaffirms entity ratings of At-Tahur Ltd

OGDC leads State-Owned firms in H1 FY25 profits

IHC suspends earlier ruling against TRG Pakistan

Name	Price/Vol	%Chg/NChg
KSE100	136,502.54 259.91M	1.64% 2202.77
ALLSHR	85,079.90 838.35M	1.26% 1061.74
KSE30	41,552.62 97.27M	1.81% 738.33
KMI30	193,330.76 84.69M	0.39% 741.60
KMIALLSHR	56,315.31 366.02M	0.43% 243.06
BKTi	38,498.08 37.91M	4.13% 1526.33
OGTi	28,138.38 5.66M	-0.36% -101.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,575.00	120,695.00 119,450.00	-660.00 -0.55%
BRENT CRUDE	69.06	69.17 68.94	-0.15 -0.22%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	106.50	106.60 106.50	-2.20 -2.02%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.78	66.99 66.67	-0.20 -0.30%
SUGAR #11 WORLD	16.31	16.67 16.27	-0.26 -1.57%