New Future Consumer International to acquire Up to 28.63% of ZIL shares

By MG News | May 02, 2023 at 03:22 PM GMT+05:00

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May 02, 2023 (MLN): New Future Consumer International General Trading LLC notified that the acquisition of shares of ZIL Limited (ZIL) via Public Offer has been revised to acquire up to 28.63% ordinary shares at Rs340 per share from shareholders of the target company.

Alpha Beta Core Solutions (Private) Limited as a manager to offer on behalf of New Future Consumer International General Trading LLC notified ZIL Limited on Tuesday.

"We hereby inform you that ZIL Limited has received a letter with reference to the PAO published in Business Recorder and Nawa-i-Waqt on March 17, 2023, by Alpha Beta Core Solutions (Private) Limited on behalf of M/s New Future Consumer International General Trading LLC to acquire the 19.32% ordinary shares at Rs286.64/- per share from shareholders other than shareholder who has already entered into a share purchase agreement with the acquirer of the target company, " the notice issued to PSX read.

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