AKD Group withdraws, renews bid for EFG Hermes Pakistan

News Image

MG News | October 30, 2023 at 11:19 AM GMT+05:00

0:00

October 30, 2023 (MLN): AKD Group Holdings (Private) Limited has withdrawn the investor's public announcement of intention to acquire at least 51% shareholding and control of EFG Hermes Pakistan Limited, EFGH's latest filing on the PSX showed today.

In addition to the above, EFGH has received a new intention from AKD Group acting through Topline Securities Limited to acquire at least 51% of the voting shares and control of EFG and beyond the thresholds prescribed under Section- 111 of the Securities Act, 2015.

The withdrawal and the potential acquisition have been notified to the board of directors of EFGH on October 27, 2023.

At the time of writing, the stock price of EFGH has reached the upper cap of the circuit breaker, rising by Rs1 to reach Rs13.03 per share.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 140,044.19
124.51M
1.18%
1631.94
ALLSHR 86,740.54
254.51M
1.21%
1037.58
KSE30 42,807.17
68.46M
1.31%
552.33
KMI30 197,346.90
72.18M
1.67%
3237.31
KMIALLSHR 57,584.90
129.76M
1.54%
871.23
BKTi 38,201.91
8.47M
0.98%
370.57
OGTi 28,516.03
32.81M
3.92%
1075.40
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,550.00 119,610.00
117,905.00
1930.00
1.64%
BRENT CRUDE 72.26 72.82
72.16
-0.98
-1.34%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.91 70.41
69.80
-0.09
-0.13%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News
July 31, 2025 at 12:06 PM GMT+05:00

Crescent Star Insurance resumes 'Guarantee Business'


July 31, 2025 at 12:01 PM GMT+05:00

Bawany Air Products back on PSX Normal Counter


July 31, 2025 at 11:20 AM GMT+05:00

Sitara Peroxide narrows annual loss by 77%



Top 5 things to watch in this week

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