IGI Investments plans to acquire 40.63% stake in MFFL

News Image

MG News | December 12, 2024 at 10:27 AM GMT+05:00

0:00

December 12, 2024 (MLN): The Board of Directors of IGI Investments has granted in-principle approval to explore the purchase of a substantial stake in Mitchell’s Fruit Farms Limited (PSX: MFFL). 

This decision was made during a board meeting held on December 11, 2024, and allows IGI Investments to proceed with due diligence for the potential acquisition.

The proposed transaction involves acquiring up to 40.63% of the shares of two significant stakeholders, Syeda Maimanat Mohsin and Syeda Matanat Ghaflal. 

The Proposed Transaction will be carried out subject to compliance with applicable laws including the Securities Act, 2015 and upon fulfilment of applicable corporate and regulatory approvals.

IGI Investments (Private) Limited (`IGI Investments') is a 100% wholly owned subsidiary of lGI Holdings Limited (PSX: IGIHL).

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 156,084.47
100.65M
0.45%
699.96
ALLSHR 95,574.17
286.22M
0.46%
440.60
KSE30 47,686.09
43.15M
0.46%
219.10
KMI30 228,868.42
30.05M
0.54%
1223.20
KMIALLSHR 64,237.35
138.06M
0.55%
349.29
BKTi 42,068.77
24.28M
0.74%
307.00
OGTi 31,728.35
1.43M
0.35%
109.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,220.00 117,240.00
114,940.00
-2045.00
-1.74%
BRENT CRUDE 67.14 67.52
66.78
0.15
0.22%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-1.20
-1.41%
ROTTERDAM COAL MONTHLY 93.00 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.90 63.24
62.52
0.21
0.34%
SUGAR #11 WORLD 15.90 15.98
15.80
0.11
0.70%

Chart of the Day


Latest News
September 16, 2025 at 09:23 AM GMT+05:00

Asia market advances as dollar weakens, fed decision in focus


September 16, 2025 at 09:19 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


September 15, 2025 at 05:53 PM GMT+05:00

Gold price in Pakistan remain unchanged


September 15, 2025 at 05:47 PM GMT+05:00

PIBTL swings to loss in FY25



Top 5 things to watch in this week

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