FFC increases offer price for Agritech shares to Rs39.05

MG News | November 18, 2024 at 03:16 PM GMT+05:00

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November 18, 2024 (MLN): Fauji Fertilizer Company Ltd. (PSX: FFC) has increased the offer price for acquiring up to 151 million ordinary shares of Agritech Limited (PSX: AGL) from Rs38.84 to Rs39.05 per share.

This revision comes in view of the competing bid made by Maple Leaf Cement Factory Ltd. (PSX: MLCF), by way of the pubic announcement of public offer.

Accordingly, after the upward revision of FFC's offer price, the value of the security is increased from Rs5.867 billion to Rs5.89bn.

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