Acceptance period of PAO to acquire 1.96mn shares of KCL ended: AHL

News Image

MG News | July 13, 2022 at 12:05 PM GMT+05:00

July 13, 2022 (MLN): The acceptance period for the Public Announcement of Offer (PAO) to acquire up to 1.9677 million ordinary shares of Karam Ceramics Limited (PSX: KCL), has ended on July 07, 2022, the manager to the offer Arif Habib Limited informed on Wednesday.

The offer represents approximately 13.52% of the total issued and paid-up ordinary share capital of KCL.

AHL on May 13, 2022, on behalf of Mrs. Suraiya Nasir, Mr. Syed Mazhar All Nasir, Mr. Syed Azhar Ali Nasir, and Mr. Syed Azfar All Nasir (the acquirers) submitted PAO to acquire the aforementioned number of shares of KCL.

To recall, the acquirers had entered into a share purchase agreement dated March 4, 2022, with the sponsors of KCL for the purchase of 10,613,277 ordinary shares representing approximately 72.95% of the total issued ordinary share capital of the target company at a price of Rs20 per ordinary share.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 166,498.84
185.04M
-0.57%
-952.30
ALLSHR 100,481.40
703.99M
-0.51%
-519.61
KSE30 49,764.01
68.59M
-0.64%
-319.08
KMI30 240,340.56
94.21M
-0.36%
-880.32
KMIALLSHR 65,599.63
389.80M
-0.33%
-217.28
BKTi 45,136.63
31.52M
-1.09%
-499.60
OGTi 35,252.30
4.64M
-0.58%
-205.48
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,745.00 81,895.00
81,225.00
125.00
0.15%
BRENT CRUDE 106.78 106.78
106.26
1.06
1.00%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-6.70
-5.74%
ROTTERDAM COAL MONTHLY 108.25 108.25
107.25
0.00
0.00%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 97.94 97.96
97.23
-3.23
-3.19%
SUGAR #11 WORLD 15.00 15.42
14.92
-0.38
-2.47%

Chart of the Day


Latest News
May 15, 2026 at 06:30 AM GMT+05:00

Engro backs Pakistan energy security


May 14, 2026 at 11:11 PM GMT+05:00

Govt strengthens cybersecurity framework


May 14, 2026 at 10:56 PM GMT+05:00

Govt unveils population control strategy


May 14, 2026 at 10:47 PM GMT+05:00

Govt prioritizes industry, agriculture growth



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg