Gatron to cancel G&T shares, issue new ones

MG News | April 21, 2025 at 01:15 PM GMT+05:00
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 | 164,444.72 1,390.47M | -0.75% -1241.66 |
ALLSHR | 100,263.22 3,076.68M | -0.52% -522.58 |
KSE30 | 50,467.16 136.66M | -0.90% -456.01 |
KMI30 | 239,381.13 102.98M | -0.94% -2269.59 |
KMIALLSHR | 66,143.45 1,531.56M | -0.67% -449.11 |
BKTi | 46,609.98 59.41M | -0.86% -404.53 |
OGTi | 32,245.33 12.94M | -0.42% -134.82 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,195.00 | 108,790.00 108,130.00 | -250.00 -0.23% |
BRENT CRUDE | 61.02 | 62.75 60.84 | -0.89 -1.44% |
RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -0.75 -0.92% |
ROTTERDAM COAL MONTHLY | 93.00 | 93.00 92.50 | 1.95 2.14% |
USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
CRUDE OIL - WTI | 57.06 | 57.09 56.97 | -0.40 -0.70% |
SUGAR #11 WORLD | 15.85 | 15.87 15.58 | 0.16 1.02% |
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 |
---|