RCSML announces court-approved merger with ACML

By MG News | November 20, 2024 at 03:02 PM GMT+05:00

0:00

November 20, 2024 (MLN): The Honorable High Court of Sindh has approved the Scheme of Amalgamation/Merger of Amer Cotton Mills (Pvt.) Ltd (ACML) into Reliance Cotton Spinning Mills Limited (PSX: RCSML) under Sections 279 to 283 of the Companies Act, 2017.

RCSML informed market participants of this development through a notice issued to the PSX earlier today.

Following the announcement, RCSML's stock price recovered from a sharp decline earlier in the trading session. However, it remains in the red, down 2.95%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	131,949.07 198.95M	0.97% 1262.41
ALLSHR	82,069.26 730.83M	0.94% 764.01
KSE30	40,387.76 80.88M	1.11% 442.31
KMI30	191,376.82 77.76M	0.36% 678.77
KMIALLSHR	55,193.97 350.11M	0.22% 119.82
BKTi	35,828.25 28.42M	3.64% 1259.85
OGTi	28,446.34 6.84M	-1.02% -293.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,830.00	110,525.00 107,865.00	-585.00 -0.53%
BRENT CRUDE	67.53	67.79 67.36	-0.77 -1.13%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.70	67.18 65.40	-1.30 -1.94%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%