IGI Investments intends to acquire stake in MFFL

MG News | December 13, 2024 at 09:45 AM GMT+05:00

0:00

December 13, 2024 (MLN): Mitchell's Fruit Farms Limited (PSX: MFFL) has recieved public announcemet of intention (PAI) from acquirer, IGI Investments (Private) Limited (PSX: IGIHL), according to the company's filing on PSX revealed today.

The PAI was recieved through Manager to the Offer, Topline Securities Limited, to acquire voting shares of Mitchell's beyond the threshold.

This intention was communicated to the Board of Directors of Mitchell's on December 12, 2024.

However, it still depends on getting necessary regulatory approvals, completing due diligence, and execution of definitive agreements.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,304.13 424.61M	-0.78% -1286.28
ALLSHR	99,380.97 1,038.42M	-0.94% -946.44
KSE30	49,842.51 138.16M	-0.73% -367.30
KMI30	238,104.17 78.33M	-0.14% -327.97
KMIALLSHR	65,590.95 485.77M	-0.66% -435.42
BKTi	45,705.29 72.87M	-2.08% -972.73
OGTi	32,671.23 13.00M	-0.23% -74.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,990.00	112,355.00 109,820.00	570.00 0.52%
BRENT CRUDE	65.69	66.78 65.41	-0.30 -0.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.44	62.59 61.21	-0.35 -0.57%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%