Tariq Glass acquires 50% stake in MMM Holding

By MG News | December 07, 2023 at 01:52 PM GMT+05:00

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,771.95 104.19M	-0.47% -631.24
ALLSHR	83,049.85 588.81M	-0.17% -138.20
KSE30	40,405.73 36.76M	-0.60% -245.73
KMI30	191,078.22 41.92M	-0.52% -1005.69
KMIALLSHR	55,757.62 301.98M	-0.16% -90.08
BKTi	36,236.40 6.52M	-0.51% -186.47
OGTi	28,277.00 7.40M	-0.56% -160.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,155.00	109,545.00 108,625.00	-60.00 -0.05%
BRENT CRUDE	70.29	70.31 69.85	0.14 0.20%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.46	68.47 67.78	0.13 0.19%
SUGAR #11 WORLD	16.13	16.15 16.08	0.00 0.00%