FATIMA announces plan to acquire stake in Agritech Limited

MG News | August 23, 2024 at 11:52 AM GMT+05:00

0:00

August 23, 2024 (MLN): Fatima Fertilizer Company Limited (PSX: FATIMA) has announced its intention to acquire a stake in Agritech Limited (PSX: AGL), according to a notice issued to the PSX today.

FATIMA plans to invest in convertible preference shares, non-convertible preference shares, and other instruments, including zero coupon term finance certificates and zero coupon sukuks, as well as the debt of AGL.

This investment will be made within the limits set by Section 111 of the Securities Act 2015.

It is noted that the board may later pass a separate resolution to authorize the acquisition of up to a majority of voting shares, potentially exceeding the limits established by Section 111 of the Securities Act 2015.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	189,166.83 407.93M	0.79% 1478.66
ALLSHR	112,809.65 875.49M	0.16% 181.96
KSE30	58,207.71 147.51M	1.27% 729.47
KMI30	269,497.03 190.79M	1.15% 3053.85
KMIALLSHR	72,828.34 555.24M	0.32% 235.69
BKTi	53,520.37 33.89M	-0.06% -32.37
OGTi	38,886.75 10.61M	-1.00% -393.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,340.00	91,290.00 88,550.00	-105.00 -0.12%
BRENT CRUDE	66.29	66.30 64.29	2.23 3.48%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-3.00 -3.34%
ROTTERDAM COAL MONTHLY	98.50	0.00 0.00	-0.30 -0.30%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	61.28	61.36 59.52	1.92 3.23%
SUGAR #11 WORLD	14.73	14.98 14.72	-0.23 -1.54%