Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

ATC Holdings invests Rs237mn in NATF

National Foods Q1 profits dip 47% YoY to Rs760m
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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.

Copyright Mettis Link News

Posted on: 2022-10-26T10:02:44+05:00

News Id :35611