KEL clarifies news on sale of controlling stake

MG News | October 13, 2022 at 04:06 PM GMT+05:00

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October 13, 2002 (MLN): K-Electric Limited (KEL) on Thursday clarified news regarding the change in the company’s controlling stake published in a local daily on Wednesday, the company’s filings on the Pakistan Stock Exchange showed on Thursday.

In a notice to PSX company stated, “KEL has no information of any proposed change in controlling stake of the company as reported in the news article bearing the heading “KE’s controlling stake sale nears to completion abroad, unbeknown to Pakistan”.

KEL is in the process of gathering the relevant facts and will make appropriate disclosure to the PSX in this regard as soon as it has sufficient facts to clarify the matter reported in the news article, the notice added further.

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