Telecard completes first tranche sale of 51% Supernet shares to Hallmark

MG News | March 27, 2024 at 12:21 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 27, 2024 (MLN): Telecard Limited (PSX: TELE) has sold the first tranche of its shareholding in Supernet Limited (PSX: GEMSPNL), comprising around 63 million shares or 51% of Supernet's issued and paid-up capital, to Hallmark Company Limited (PSX: HCL).

The company disseminated this information through a notice issued to the local bourse today

This sale is in accordance with the terms of the Share Purchase Agreement dated February 15, 2024.

To note, Hallmark is a direct subsidiary of Telecard Limited.

Copyright Mettis Link News

Related News

DM Holdings-led consortium signals stake acquisition in Bank Makramah

Mari Energies clarifies Spinwam Gas Bid

PSX Closing Bell: Momentum Intact

Name	Price/Vol	%Chg/NChg
KSE100	169,703.60 186.64M	0.16% 276.16
ALLSHR	102,604.53 769.92M	0.15% 153.59
KSE30	50,591.33 89.05M	0.26% 133.49
KMI30	242,499.84 88.34M	0.17% 407.02
KMIALLSHR	66,609.21 384.86M	0.10% 66.64
BKTi	46,200.65 17.30M	0.50% 229.92
OGTi	34,887.62 6.26M	0.09% 32.55

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,775.00	63,310.00 60,985.00	745.00 1.20%
BRENT CRUDE	93.40	95.50 91.61	0.30 0.32%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	134.25	134.25 134.25	0.05 0.04%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	90.63	93.64 88.63	0.60 0.67%
SUGAR #11 WORLD	13.82	14.02 13.80	-0.10 -0.72%