IGI Investments plans to acquire 40.63% stake in MFFL

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	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%