Calcorp's 84% stake acquired by new consortium
MG News | October 16, 2024 at 08:58 AM GMT+05:00
October 16, 2024 (MLN): Calcorp Limited (PSX: CASH) has disclosed a major shift in its ownership structure, as a consortium of three individuals Mr Asif Ali Sheikh, Mr Muhammad Hanif, and Mr Kashif Mumtaz, has agreed to acquire around 84% stake in the company.
On October 15, 2024, the consortium executed a Share Purchase Agreement (SPA) for the purchase of 9,020,473 shares from Optimus Limited, representing 83.96% of the company’s issued share capital.
Completion of the Transaction will be subject to the issuance of a public offer by the Acquirors' receipt of requisite regulatory approvals, and the satisfaction of other closing formalities.
The company’s principal line of business is that of a general-purpose holding company capable of making investments in a range of marketable securities, intellectual property and other assets plied for hire.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 163,038.47 114.58M | 0.41% 663.59 |
| ALLSHR | 98,887.69 371.89M | 0.27% 267.58 |
| KSE30 | 48,091.01 47.80M | 0.56% 267.86 |
| KMI30 | 233,976.84 49.26M | 0.53% 1242.85 |
| KMIALLSHR | 64,092.91 187.27M | 0.21% 137.24 |
| BKTi | 44,832.63 16.31M | 0.24% 108.46 |
| OGTi | 33,378.35 2.75M | 1.04% 344.63 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 80,185.00 | 81,450.00 79,240.00 | -1020.00 -1.26% |
| BRENT CRUDE | 115.04 | 115.97 114.00 | -1.68 -1.44% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -0.35 -0.27% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 0.10 0.07% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.14 | 102.63 100.60 | -2.13 -2.06% |
| SUGAR #11 WORLD | 19.78 | 19.89 19.51 | -0.46 -2.27% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|