IGI Investments intends to acquire stake in MFFL

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

Add Mettisglobal as a Trusted Source on Google

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	179,927.05 365.01M	-1.27% -2314.73
ALLSHR	109,270.69 838.76M	-1.19% -1312.98
KSE30	53,705.71 89.34M	-1.33% -726.00
KMI30	253,531.92 109.38M	-1.32% -3382.29
KMIALLSHR	70,152.63 543.97M	-1.25% -888.68
BKTi	50,997.50 18.73M	-1.38% -715.26
OGTi	36,216.08 8.18M	-1.21% -443.50

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,445.00	62,540.00 61,925.00	95.00 0.15%
BRENT CRUDE	85.01	85.64 83.68	1.71 2.05%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.15 -1.08%
ROTTERDAM COAL MONTHLY	119.35	119.35 119.35	2.00 1.70%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	79.82	80.42 77.86	1.68 2.15%
SUGAR #11 WORLD	14.76	14.98 14.62	-0.12 -0.81%