Pending approvals stall Calcorp acquisition process

News Image

MG News | November 19, 2024 at 01:08 PM GMT+05:00

0:00

November 19, 2024 (MLN): As Manager to the Offer, JS Global Capital Limited announced the withdrawal of the Public Announcement of Intention (PAI) by Asif Ali Shaikh and co-acquirers to acquire 83.96% of Calcorp Limited (PSX: CASH).

The withdrawal is due to pending regulatory and other approvals before the November 18, 2024, deadline.

The Acquirers remain committed to completing the transaction and will re-issue a fresh PAI after securing the necessary approvals.

This step ensures compliance with the law, and the transaction will proceed as soon as approvals are obtained.

Asif Ali Shaikh is the senior managing partner of Asif Rice Mills (ARM) which is the second-largest rice exporting firm in Pakistan.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,695.00 119,440.00
118,260.00
400.00
0.34%
BRENT CRUDE 71.98 73.17
71.75
-0.53
-0.73%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.69 69.79
68.45
-0.52
-0.75%
SUGAR #11 WORLD 16.41 16.58
16.40
-0.18
-1.09%

Chart of the Day


Latest News
July 30, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: You Can’t Always Get What You Want


July 30, 2025 at 03:47 PM GMT+05:00

CCP resolves 223 cases, recovers Rs360m


July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


July 30, 2025 at 03:09 PM GMT+05:00

LSE Capital exits Ensmile Limited


July 30, 2025 at 03:06 PM GMT+05:00

PMYP, PILDAT sign landmark LOI to strengthen youth



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg