Gatron to cancel G&T shares, issue new ones

News Image

By MG News | April 21, 2025 at 01:15 PM GMT+05:00

0:00

April 21, 2025 (MLN): The Board of Directors of Gatron (Industries) Limited (PSX: GATI) has resolved to move forward with a key step in its ongoing restructuring efforts under the proposed scheme of arrangement with Nova Frontiers Limited and Gani & Tayub (Private) Limited (G&T).

Through a Resolution by Circulation dated April 21, 2025, and in continuation of its earlier approval on February 10, 2025, the Board has authorised the cancellation of G&T’s 2.98% shareholding in the Company, amounting to 3,240,774 shares.

In place of this, new shares will be issued directly to the shareholders of G&T.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,403.19
324.46M
0.02%
33.04
ALLSHR 83,188.05
1,204.34M
0.13%
106.90
KSE30 40,651.46
104.88M
-0.13%
-53.85
KMI30 192,083.92
123.92M
-0.26%
-496.76
KMIALLSHR 55,847.70
679.22M
0.02%
11.98
BKTi 36,422.88
17.65M
0.29%
105.71
OGTi 28,437.61
10.77M
-0.37%
-105.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,345.00 109,460.00
107,680.00
890.00
0.82%
BRENT CRUDE 69.59 69.62
69.03
0.01
0.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.00 0.00
0.00
-0.15
-0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.84 67.97
67.33
-0.09
-0.13%
SUGAR #11 WORLD 16.24 16.37
16.16
-0.04
-0.25%

Chart of the Day


Latest News
July 08, 2025 at 04:41 PM GMT+05:00

Gold price in Pakistan rises Rs1,500 per tola


July 08, 2025 at 04:25 PM GMT+05:00

CCP clears 69 M&A deals in FY25


July 08, 2025 at 04:00 PM GMT+05:00

PSX Closing Bell: Holding the Line


July 08, 2025 at 03:40 PM GMT+05:00

Askari Bank gets SBP Nod for Rs6bn TFC buyback


July 08, 2025 at 03:39 PM GMT+05:00

KSE-100 to reach 168k by FY26



Top 5 things to watch in this week

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