ATC Holdings invests Rs128mn in National Foods

MG News | October 11, 2021 at 02:16 PM GMT+05:00

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October 11, 2021 (MLN): The holding company of National Foods Limited, ATC Holdings has made an equity investment of around Rs128 million by way of acquiring ordinary shares of National Foods Limited.

Earlier, on Sept 17, 2019, the holding company had decided to make a further equity investment of up to Rs300mn in NATF.

Accordingly, ATC Holdings, out of Rs300 million has invested around Rs128 million in this regard, as per the notice issued to PSX on Monday.

The notice also informed that further investment to the tune of Rs172mn shall be made by ATC Holdings during the period of the next 12 months at the prevailing market prices of shares of National Foods Limited.

This decision has been approved by the shareholders of ATC Holdings in the Extra Ordinary General Meeting (EOGM) held on October 8, 2021.

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