PSO approves separation of Digicash, Solar segments

MG News | October 24, 2024 at 03:57 PM GMT+05:00

0:00

October 24, 2024 (MLN): The Board of Management of Pakistan State Oil (PSX: PSO) today resolved to separate the Digicash and Solar business segments from PSO and to merge them with other companies, subject to legal scrutiny and approval by the High Court.

Accordingly, DigiCash Undertaking will be merged into Cerisma (Private) Limited.

Whereas, Solar Undertaking will be merged into PSO Renewable Energy (Private) Limited.

This resolution includes any additional actions or documentation necessary to complete the transactions or to facilitate the transitions outlined.

It is also subject to the sanction (formal approval) by the High Court.

Copyright Mettis Link News

Related News

United Insurance resumes Guarantee Business operations

PSX Closing Bell: Electric Love

EPCL's earnings erosion deepens

Name	Price/Vol	%Chg/NChg
KSE100	139,390.42 291.21M	0.71% 978.17
ALLSHR	86,260.96 576.29M	0.65% 558.00
KSE30	42,618.60 119.41M	0.86% 363.76
KMI30	196,907.86 123.77M	1.44% 2798.27
KMIALLSHR	57,276.87 259.26M	0.99% 563.20
BKTi	37,820.27 20.77M	-0.03% -11.06
OGTi	28,214.64 47.07M	2.82% 774.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,905.00	119,785.00 117,905.00	1285.00 1.09%
BRENT CRUDE	71.75	72.82 71.60	-0.72 -0.99%
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	69.32	70.41 69.21	-0.68 -0.97%
SUGAR #11 WORLD	16.44	16.61 16.28	-0.01 -0.06%