ISL seeks shareholder nod to offload CECL stake worth Rs350m

MG News | August 20, 2026 at 09:19 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 20, 2026 (MLN): International Steels Limited (PSX:ISL) plans to sell its entire 17% stake in Chinoy Engineering & Construction (Pvt) Limited (CECL), comprising 4,845,000 ordinary shares of Rs10 each, for Rs72.24 per share in a deal worth a total of Rs350 million, subject to regulatory approval.

The Board of Directors recommended the disposal for shareholders' approval at the Board meeting held on August 19, 2026, with final approval to be sought at the company's 19th Annual General Meeting (AGM) scheduled for October 5, 2026.

The formal notice of the AGM will be issued in due course.

The information was disseminated through a notification to the Exchange.

Copyright Mettis Link News

Related News

ISL FY26 profit more than doubles to Rs3.7bn

ISL profit climbs 2.5x in 9MFY26

Name	Price/Vol	%Chg/NChg
KSE100	178,168.65 88.34M	0.75% 1322.29
ALLSHR	108,018.11 148.93M	0.69% 745.37
KSE30	52,918.15 15.82M	0.92% 479.92
KMI30	251,298.84 22.17M	1.01% 2504.32
KMIALLSHR	69,317.93 114.14M	0.75% 515.51
BKTi	50,690.84 1.74M	0.66% 330.43
OGTi	36,046.71 6.59M	1.57% 556.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,585.00	70,205.00 69,100.00	1010.00 1.47%
BRENT CRUDE	91.79	92.33 91.47	0.17 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	1.00 0.92%
ROTTERDAM COAL MONTHLY	122.50	122.50 122.50	-0.45 -0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.43	84.92 84.23	0.04 0.05%
SUGAR #11 WORLD	17.56	17.66 17.31	0.09 0.52%