Karam Ceramics’ 76.6% shareholding acquired: PSX

By MG News | August 01, 2022 at 10:58 AM GMT+05:00

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August 01, 2022 (MLN): Karam Ceramics Limited (PSX: KCL) has announced that Mrs. Suraiya Nasir, Mr. Syed Mazhar Ali Nasir, Mr. Syed Azhar Ali Nasir, and Mr. Syed Azfar Ali Nasir have acquired, in aggregate and in equal proportion, 76.64% of the shareholding in the company, the company’s filing on PSX said today.

The notice said that this acquisition is through a combination of a share acquisition from majority shareholders and a mandatory tender offer.

To note, Arif Habib Limited was the manager to offer on behalf of the acquirers.

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