Adamjee Insurance extends validity of Rs650mn investment in Nishat Mills

MG News | May 30, 2022 at 12:40 PM GMT+05:00

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May 30, 2022 (MLN): Adamjee Insurance Company Limited (AICL) has extended the validity of the investment of up to Rs625 million for the purchase of 5 million ordinary shares of Nishat Mills Limited for a further two years till May 28, 2024, company’s filing on bourse showed today.

The validity has been extended to allow the company to make a balanced investment with other terms and conditions of the investment to remain unchanged, the notice said.

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