Ravi Textile receives PAI from potential acquirers for acquisition of over 50% shares

By MG News | October 16, 2020 at 05:05 PM GMT+05:00

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October 16, 2020 (MNL): Ravi Textile Mills Limited has received a notice of Public Announcement of Intention from potential acquirers, Ch. Muhammad Shafique and Muhammad Ahmad Raza, whereby the potential acquirers have expressed their intention to acquire more than 50% shares of the company, together with management control.

AKD Securities Limited, which has been appointed as the Manager to the Offer by the acquirers, submitted the PAI on their behalf.

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