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

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

Add Mettisglobal as a Trusted Source on Google

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	177,557.87 35.20M	0.10% 184.10
ALLSHR	106,433.79 237.10M	0.29% 310.91
KSE30	51,782.84 15.81M	0.09% 47.81
KMI30	253,885.54 17.93M	0.00% 12.55
KMIALLSHR	68,737.72 100.95M	0.23% 159.30
BKTi	48,893.26 3.11M	0.11% 51.86
OGTi	35,365.82 3.05M	0.77% 270.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,515.00	71,540.00 68,310.00	-2990.00 -4.18%
BRENT CRUDE	95.56	96.07 95.06	-0.26 -0.27%
RICHARDS BAY COAL MONTHLY	127.15	127.15 127.15	0.90 0.71%
ROTTERDAM COAL MONTHLY	136.65	136.65 136.00	0.50 0.37%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	88.24	88.92 88.04	-0.50 -0.56%
SUGAR #11 WORLD	18.22	18.56 17.96	-0.26 -1.41%