Azgard Nine's sale of Muzaffargarh unit extended to March 31, 2024

News Image

MG News | January 03, 2024 at 10:31 AM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

January 03, 2024 (MLN): The management of Azgard Nine Limited (PSX: ANL) announced today an extension of the completion date for the sale transaction of the Muzaffargarh Unit until March 31, 2024, as part of the ongoing Creditors' Scheme of Arrangement.

The decision, made by the agent banks of the creditors, is a response to certain unavoidable circumstances.

It is crucial to mention that initially, the deadline for the sale of lands related to the Muzaffargarh Unit including all plant, equipment, and installments was December 31, 2023.

The company is a composite spinning, weaving, dyeing, and stitching unit engaged in the manufacturing of yarn, denim, and denim products.

At the time of writing, the company's script is being traded at Rs8.47, up by 10 paisa or 1.2% compared to the previous close.

Copyright Mettis Link News

 

Related News

News
EFERT schedules EnVen plant maintenance from Sept 8
News
SECP extends FPRM’s compliance deadline to February 2027
News
AHL gets 90-day extension for EPCL offer
Name Price/Vol %Chg/NChg
KSE100 173,636.08
181.93M 		-0.97%
-1692.74
ALLSHR 105,405.30
676.68M 		-0.97%
-1037.53
KSE30 51,703.16
52.86M 		-1.13%
-591.67
KMI30 247,520.68
78.50M 		-1.09%
-2718.46
KMIALLSHR 68,206.03
357.76M 		-0.93%
-638.20
BKTi 48,438.84
22.06M 		-1.29%
-634.09
OGTi 35,173.31
6.44M 		-1.67%
-596.49
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 79,700.00 80,800.00
79,120.00 		-355.00
-0.44%
BRENT CRUDE 97.44 97.93
95.97 		1.16
1.20%
RICHARDS BAY COAL MONTHLY 126.75 0.00
0.00 		-0.75
-0.59%
ROTTERDAM COAL MONTHLY 140.00 140.00
140.00 		1.75
1.27%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00 		0.00
0.00%
CRUDE OIL - WTI 92.39 93.04
90.87 		0.91
0.99%
SUGAR #11 WORLD 18.02 18.48
17.92 		-0.05
-0.28%
Chart of the Day
Latest News
September 07, 2026 at 05:01 PM GMT+05:00

Pakistan Railways sets ambitious freight growth target

September 07, 2026 at 04:49 PM GMT+05:00

Japan grants $16m for flood protection on Indus River in Sindh

September 07, 2026 at 04:28 PM GMT+05:00

Pakistan lays digital foundations for faster economic growth

September 07, 2026 at 04:07 PM GMT+05:00

PSX Closing Bell: Down We Go

Top 5 things to watch in this week
Workers' Remittances
Auto Numbers
Central Government Debt
Pakistan External Debt and Liabilities
Savings Mobilized by National Savings Schemes
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg