Nishat Chunian's board approves scheme of arrangement with Nishat Chunian Power

MG News | May 09, 2024 at 01:27 PM GMT+05:00

0:00

May 09, 2024 (MLN): The Board of Directors of Nishat Chunian Limited (PSX: NPL) has considered and approved the Scheme of Arrangement amongst NPL and Nishat Chunian Power Limited (PSX: NCPL) and their two shareholders, company’s filing on PSX revealed today.

The shareholders include Shahzad Saleem and Nishat Mills Limited (PSX: NML).

The Scheme of Arrangement is subject to obtaining all necessary approvals of shareholders, creditors and regulatory approvals, and the sanction of the scheme, it said.

The Board of Directors has also adopted and approved the special audited financial statements of NPL for 8 months period as at 29 February 2024, audited by the external auditor for the purpose of the Scheme.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	187,832.08 767.51M	0.50% 931.34
ALLSHR	112,851.69 1,193.66M	0.62% 697.08
KSE30	57,539.97 102.71M	0.43% 247.84
KMI30	265,288.04 70.28M	0.22% 591.63
KMIALLSHR	72,445.67 875.56M	0.46% 332.73
BKTi	55,119.30 60.64M	1.38% 752.01
OGTi	38,641.51 5.08M	-0.37% -142.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,745.00	77,110.00 72,170.00	-2935.00 -3.83%
BRENT CRUDE	67.88	68.76 67.85	-1.58 -2.27%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-3.60 -3.85%
ROTTERDAM COAL MONTHLY	99.35	100.60 99.20	0.00 0.00%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.66	64.65 63.64	-1.48 -2.27%
SUGAR #11 WORLD	14.41	14.67 14.40	-0.22 -1.50%