KAPCO Board approves joint control of Attock Cement with Fauji Foundation

News Image

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 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 0.00
0.00
-510.00
-0.47%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 0.00
0.00
0.00
0.00%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 31, 2025 at 07:00 PM GMT+05:00

Weekly Market Roundup


August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling



Top 5 things to watch in this week

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