UDL acquires DHA Karachi plots for head office

MG News | May 21, 2026 at 03:21 PM GMT+05:00

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May 21, 2026 (MLN): UDL International Limited acquired two open plots of land measuring 100 square yards each in DHA Phase 7 Extension, Karachi, for a total consideration of Rs65 million, with each plot purchased for Rs32.5m.

The company has completed the execution and transfer formalities related to the transaction, while formal issuance and delivery of title documents from the relevant authority remains awaited.

The plots have been acquired for the construction of the company’s head office for its own operational use, the company's filing on PSX revealed today.

The development will be undertaken after amalgamation of the two plots in accordance with applicable laws and requirements of the relevant authority.

The company stated that the acquisition is expected to support its long-term operational requirements and administrative infrastructure.

The transaction does not involve any related party and does not constitute acquisition of any undertaking or change in the principal line of business of the company.

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