State Life intends to sell its entire holdings of Ravi Textile Mills and Mian Textile Industries under buy back arrangement

MG News | December 09, 2020 at 02:03 PM GMT+05:00

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December 09, 2020 (MLN): State Life Insurance Corporation of Pakistan (SLIC), intends to sell its entire holding of Ravi Textile Mills Limited and Mian Textile Industries Limited under buy back arrangement at price of above SLIC average holding cost i.e. Rs 16.52 per share for Ravi Textile and Rs 12.28 per share for Mian Textile Industries Ltd.

As per the notification to PSX, SLIC holds 200,000 shares of Ravi Textile Mills and 420,900 shares of Mian Textile Industries which represents 0.8% and 1.87% of the paid-up capital of the above-mentioned companies respectively.

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