Tariq Glass acquires 50% stake in MMM Holding
MG News | December 07, 2023 at 01:52 PM GMT+05:00
December 07, 2023 (MLN): Tariq Glass Industries Limited (PSX: TGL) has acquired 50% or 57.55 million shares of MMM Holding (Private) Limited (MMM), a holding company of Balochistan Glass Limited (PSX: BGL) from Muhammad Tousif Peracha, TGL's filing on PSX revealed today.
This is according to the completion of the process of the public offer under the Securities Act, 2015. These shares have been transferred in the name of TGL.
Consequently, TGL has successfully acquired joint management control of MMM Holding (Private) Limited (MMM) and BGL.
Both companies are principally engaged in the manufacturing and sale of glass containers, opal glass, tableware and float glass.
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