Allied Rental Modaraba to be delisted from PSX on June 26

MG News | June 25, 2024 at 03:13 PM GMT+05:00

0:00

June 25, 2024 (MLN): The Pakistan Stock Exchange (PSX) has announced the delisting of Allied Rental Modaraba (ARM) with effect from tomorrow i.e. Wednesday, June 26, 2024.

The delisting comes as a result of the demerger of ARM into Allied Rental Services Limited and Allied Transport & Logistics Limited, following the fulfillment of relevant requirements.

It may be noted that the shares of the surviving entities have been issued to the certificate holders of ARM as per the Swap Ratio.

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