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

Supernet sets Aug 17 book closure for right issue entitlement

PSX Closing Bell: A Runaway Rally

Chinese shareholders to sell 18.31% stake in Masood Textile to UAE firm

Name	Price/Vol	%Chg/NChg
KSE100	180,014.93 294.91M	1.66% 2931.71
ALLSHR	108,372.13 738.00M	1.30% 1386.88
KSE30	53,821.81 143.92M	1.87% 985.50
KMI30	253,547.39 118.57M	1.66% 4144.78
KMIALLSHR	69,491.95 365.01M	1.26% 862.49
BKTi	51,843.62 70.63M	2.49% 1258.04
OGTi	34,802.66 8.81M	1.04% 358.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,585.00	64,830.00 64,045.00	100.00 0.16%
BRENT CRUDE	78.83	80.95 78.11	-0.53 -0.67%
RICHARDS BAY COAL MONTHLY	107.75	0.00 0.00	1.75 1.65%
ROTTERDAM COAL MONTHLY	116.50	116.50 116.50	-1.40 -1.19%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	74.99	76.70 74.24	-0.78 -1.03%
SUGAR #11 WORLD	15.20	15.28 15.06	0.16 1.06%