Nishat Group eyes Rafhan Maize stake at Rs9,800/share

MG News | March 26, 2026 at 03:22 PM GMT+05:00

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March 26, 2026 (MLN): Next Capital Limited submitted a Public Announcement of Public Offer on behalf of Nishat Group linked acquirers to purchase 298,759 ordinary shares, representing 3.23% of the issued and paid-up capital, along with control of Rafhan Maize Products Company Limited.

The offer price has been set at Rs9,800 per share.

The acquirers include Nishat Hotels and Properties Limited, D. G. Khan Cement Company Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Lalpir Power Limited, Pakgen Power Limited, along with Naz Mansha, Raza Mansha, Umer Mansha, and Hassan Mansha.

All required documents have been dispatched to the Securities and Exchange Commission of Pakistan along with a hard copy of the Public Announcement of Offer.

The aforementioned information was disseminated through a notification to Exchange.

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