ARY Network withdraws PAI to acquire 51% shares of WorldCall

News Image

MG News | February 14, 2022 at 03:32 PM GMT+05:00

0:00

February 14, 2022 (MLN): AKD Securities Limited, the manager to the offer, has announced that ARY Communications Limited and ARY Digital FZ LLC (the "Acquirers") have decided not to proceed with the acquisition of 51% ordinary shares of the capital of WorldCall Telecom Limited (the "Target") due to lack of progress in the required transaction period.  

According to the notice, the acquirers have withdrawn the public announcement of intention (PAI) submitted by AKD Securities Limited on May 6, 2021, to acquire the said stake in WorldCall Telecom Limited, as the time period for making the public announcement of the offer has lapsed as of February 01, 2022.

In the premises, and pursuant to regulation, the notice said that as of the expiry date, the PAI stands withdrawn.

Earlier, the acquirers had also withdrawn PAI submitted on August 6, 2020, to acquire more than 51% of the stake in WorldCall Telecom Limited.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,375.00 123,615.00
118,675.00
1845.00
1.56%
BRENT CRUDE 69.18 71.53
69.08
-1.18
-1.68%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.96 69.65
66.84
-1.49
-2.18%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

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