JSCL's subsidiary dumps its 100% shareholding in Qaulity1 Petroleum for Rs2bn

MG News | January 03, 2022 at 03:13 PM GMT+05:00

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January 3, 2022 (MLN): The shareholders of Energy Infrastructure Holding (Private) Limited (a wholly-owned subsidiary of Jahangir Siddiqui & Co. Ltd) has decided to dispose-off its 100% shareholding in Quality 1 Petroleum Limited at an aggregate sale price of Rs2 billion.

In a notification filed by JS Co. to exchange, the company states that its wholly-owned subsidiary Energy Infrastructure Holding has resolved that its shareholding in its subsidiary company Quality 1 Petroleum, comprising of 100% of the ordinary shares of the face value of Rs10 each, be disposed-off at an aggregate sale price of Rs2 billion.

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