Engro's subsidiary seals stakes sale deals for EPQL, Engro Powergen Thar & Sindh Engro

News Image

By MG News | Category Equity | April 04, 2024 at 01:24 PM GMT+05:00

0:00

April 04, 2024 (MLN): Engro Energy Limited (EEL) has entered into definitive agreements with Liberty Power Holding (Pvt.) Limited and other parties acting in concert for the sale of its entire stake in Engro Powergen Qadirpur Limited, Engro Powergen Thar (Private) and Sindh Engro Coal Mining Company Limited.

The information was disclosed by Engro Corporation Limited (PSX: ENGRO), the parent company of EEL.

Accordingly, EEL will sell its entire stakeholding of 68.9% in Engro Powergen Qadirpur Limited (EPQL), 50.1% in Engro Powergen Thar (Private) Limited and 11.9% in Sindh Engro Coal Mining Company Limited (SECMC).

The transaction value for EPQL, EPTL and SECMC will be Rs7.5 billion, Rs21.04bn and Rs6.21bn, respectively, subject to certain adjustments as agreed in the definitive agreements.

"In case of any further material developments, the company shall keep the Exchange informed accordingly," the notice concludes.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 104,155.00 104,250.00
101,390.00
1940.00
1.90%
BRENT CRUDE 65.03 65.31
64.80
-0.31
-0.47%
RICHARDS BAY COAL MONTHLY 90.00 90.75
90.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 101.50 101.50
101.00
0.95
0.94%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 63.00 63.34
62.82
-0.37
-0.58%
SUGAR #11 WORLD 16.56 16.59
16.47
-0.01
-0.06%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg