IGI Investments intends to acquire stake in MFFL

By 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	130,902.50 263.14M	0.43% 558.47
ALLSHR	81,377.65 841.51M	0.44% 353.66
KSE30	40,045.31 104.85M	0.34% 137.05
KMI30	190,709.86 138.75M	0.62% 1174.86
KMIALLSHR	55,067.82 466.00M	0.52% 284.16
BKTi	34,816.80 26.34M	-0.35% -123.93
OGTi	28,705.85 20.66M	1.45% 409.80

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,655.00	110,965.00 109,200.00	370.00 0.34%
BRENT CRUDE	68.46	69.00 68.32	-0.65 -0.94%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	109.20	0.00 0.00	0.20 0.18%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.78	67.50 66.65	-0.67 -0.99%
SUGAR #11 WORLD	15.86	15.90 15.44	0.28 1.80%