FTMM files petition for battery division’s demerger

News Image

By MG News | January 24, 2022 at 02:57 PM GMT+05:00

0:00

January 24, 2022 (MLN): The management of the First Treet Manufacturing Modaraba (FTMM) has filed a petition before the Honorable High Court of Lahore for the demerger of battery division.

This is a reference to the approval accorded by the board of directors of the management company, fulfilment of all legal and regulatory requirements and pursuant to the relevant sections of the Companies Act, 2017.

While the matter is sub judice the Battery Division will continue to be a part of FTMM, the notification added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,614.07
89.20M
-0.59%
-789.12
ALLSHR 82,949.56
490.31M
-0.29%
-238.49
KSE30 40,350.62
32.11M
-0.74%
-300.84
KMI30 190,770.53
36.33M
-0.68%
-1313.38
KMIALLSHR 55,693.56
251.63M
-0.28%
-154.14
BKTi 36,190.67
5.58M
-0.64%
-232.20
OGTi 28,238.69
6.86M
-0.70%
-198.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,065.00 109,545.00
108,625.00
-150.00
-0.14%
BRENT CRUDE 69.99 70.09
69.85
-0.16
-0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.15 68.27
67.78
-0.18
-0.26%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

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