KAPCO Board approves joint control of Attock Cement with Fauji Foundation

News Image

By MG News | June 03, 2025 at 10:01 AM GMT+05:00

0:00

June 03, 2025 (MLN): The Board of Directors of Kot Addu Power Company Limited (PSX: KAPCO) has approved the acquisition of shares and joint control of Attock Cement Pakistan Limited (ACPL) in collaboration with Fauji Foundation (FF).

This approval was given in accordance with the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The Board has further authorized the issuance of a Public Notice of Intention to ACPL, the Pakistan Stock Exchange (PSX), and the Securities and Exchange Commission of Pakistan (SECP).

Integrated Equities Limited has been appointed as the Manager to the Offer (MTO) to oversee the process, the company's filing on PSX revealed today.

The approval also includes the commencement of due diligence and negotiation of acquisition terms, subject to the completion of necessary corporate and regulatory formalities.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 124,379.07
220.31M
1.91%
2332.60
ALLSHR 77,679.82
768.94M
1.80%
1376.61
KSE30 37,915.73
105.69M
1.92%
713.35
KMI30 184,872.78
113.74M
1.90%
3446.47
KMIALLSHR 53,473.19
418.85M
1.75%
921.24
BKTi 31,363.74
21.26M
1.66%
510.82
OGTi 27,886.19
21.80M
1.53%
419.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,370.00 108,580.00
107,145.00
-905.00
-0.84%
BRENT CRUDE 68.19 68.38
67.82
0.46
0.68%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-2.90
-3.19%
ROTTERDAM COAL MONTHLY 103.90 103.90
103.90
0.70
0.68%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.81 65.97
65.23
0.57
0.87%
SUGAR #11 WORLD 16.69 16.74
16.39
0.27
1.64%

Chart of the Day


Latest News
June 27, 2025 at 06:04 PM GMT+05:00

Govt pledges reforms for State-Owned Enterprises


June 27, 2025 at 05:44 PM GMT+05:00

Gold price in Pakistan falls Rs5,000 per tola


June 27, 2025 at 05:33 PM GMT+05:00

TRG shareholders to receive tendered shares back



Top 5 things to watch in this week

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