Telecard Ltd acquires majority shareholding in Hallmark Company Ltd

MG News | November 24, 2023 at 10:44 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 24, 2023 (MLN): Telecard Limited (PSX: TELE) has acquired the majority shareholding in Hallmark Company Limited (PSX: HCL) from Supernet Infrastructure Solutions (Private) Limited, the company’s filing on the local bourse revealed today.

The purchase agreement comprises 314,220 shares, equivalent to 62.84% of Hallmark's issued and paid-up capital, for an amount equivalent to Rs15 million.

The consummation of the transaction will be subject to the procurement of all applicable conditions precedent set out in the share purchase agreement including but not limited to corporate approvals as may be required.

Telecard is licensed to provide fully integrated telecommunications services, including basic wireless telephony, long-distance and international services, and payphones.

At the time of writing, the company's share is being traded at Rs9.11, down by 0.76% compared to its previous close.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,623.88 478.02M	-0.36% -638.45
ALLSHR	107,472.27 954.45M	-0.34% -365.17
KSE30	53,131.56 115.62M	-0.41% -216.11
KMI30	250,814.93 150.64M	-0.28% -695.43
KMIALLSHR	68,971.49 608.41M	-0.29% -202.37
BKTi	50,769.48 23.80M	-0.58% -295.25
OGTi	34,999.12 6.26M	-0.71% -249.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,970.00	64,015.00 63,895.00	100.00 0.16%
BRENT CRUDE	85.05	88.06 82.52	-3.31 -3.75%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.41	82.42 79.92	3.15 3.97%
SUGAR #11 WORLD	14.56	14.70 14.50	-0.02 -0.14%