PSO acquires 84mln B class shares of Pakistan Refinery Ltd

MG News | October 29, 2018 at 03:18 PM GMT+05:00

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October 29, 2018 (MLN): Pakistan State Oil Company Limited (PSO) has acquired 84,000,000 B class shares (28.571% of the paid-up capital) of Pakistan Refinery Limited at the rate of Rs. 10/- per share from Shell Petroleum Company Limited, United Kingdom.

Before this acquisition, PSO was holding 70,875,000 B class shares (24.107% of the paid-up capital) of the Company. After above mentioned acquisition, the PSO’s total shareholding is 154,875,000 B class shares, which represent 52.678% of the total paid-up capital of the company.

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