Lucky TG concludes share repurchase from LCI, TGL

MG News | July 24, 2024 at 03:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 24, 2024 (MLN): Lucky TG (Private) Limited (Lucky TG), a subsidiary of Lucky Core Industries Limited (PSX: LCI)) has completed the process of buying back its shares from thecompany and Tariq Glass Industries Limited (PSX: TGL).

The buy-back of shares was completed on July 23, 2024, in accordance with Section 88 of the Companies Act, 2017 read with the Companies Regulations, 2024.

Lucky TG remains a subsidiary of LCI, with LCI maintaining a 51% stake in Lucky TG following the buyback.

Meanwhile, Lucky TG continues to be an associated company of TGL, as TGL retains a 49% stake in Lucky TG despite the share repurchase.

It is worth noting that market participants were informed of this progress by both LCI and TGL through their filing on the Pakistan Stock Exchange (PSX) today.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,966.69 443.75M	-0.11% -199.84
ALLSHR	107,599.76 930.31M	-0.04% -41.89
KSE30	52,644.53 124.88M	-0.05% -26.27
KMI30	251,515.82 172.78M	0.02% 55.29
KMIALLSHR	69,526.04 742.43M	0.16% 112.66
BKTi	49,762.20 16.68M	-0.45% -222.60
OGTi	36,831.30 31.09M	1.12% 408.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,735.00	80,115.00 78,710.00	885.00 1.12%
BRENT CRUDE	92.50	92.50 91.72	0.33 0.36%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	-0.20 -0.18%
ROTTERDAM COAL MONTHLY	124.55	124.55 124.55	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	85.48	85.49 84.73	0.47 0.55%
SUGAR #11 WORLD	17.66	17.69 17.08	0.05 0.28%