ATC Holdings invests Rs237mn in NATF

MG News | October 26, 2022 at 10:02 AM GMT+05:00

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October 26, 2022 (MLN): National Foods Limited (PSX: NATF) on Wednesday informed that ATC Holdings, the holding company of NATF, has made an equity investment worth Rs237 million out of Rs300mn in NATF.

Further investment to the tune of Rs63mn shall be made by ATC Holdings during the period of the next 12 months at the prevailing market prices of shares of NATF.

This decision has been approved by the shareholders of ATC Holdings in the Extra Ordinary General Meeting (EOGM) held on October 24, 2022.

To recall, on October 11, 2021, NATF communicated the decision of ATC Holdings regarding further equity investment of up to Rs300mn by way of acquiring ordinary shares of National Foods Limited from the open market.

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