MARI to divest its entire shareholding in NRL

MG News | April 14, 2022 at 01:59 PM GMT+05:00

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April 14, 2022 (MLN): The Board of Directors of Mari Petroleum Company Limited (MPCL) (PSX: MARI) has approved the divestment of the entire shareholding of MPCL comprising 20.9 million shares in National Resources (Pvt) Limited (NRL), the company filing on PSX showed today.

The aforesaid divestment will be carried out on a book value basis as of February 28, 2022, subject to execution of the Share Purchase Agreement and obtaining of requisite approvals.

The share price of MARI currently stands at Rs1,735, down by 0.28% DoD or Rs4.81.

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