Textile firms eye 68.89% shares of Engro Powergen

News Image

By MG News | February 26, 2024 at 11:40 AM GMT+05:00

0:00

February 26, 2024 (MLN): Liberty Mills Limited, Soorty Enterprises (Pvt) Limited, and Affinity Capital Pvt Limited have submitted a Public Announcement of Intention to acquire up to 68.89% shares of Engro Powergen Qadirpur Limited (PSX: EPQL).

Arif Habib Limited, the manager to the offer, disseminated this information through a notice issued to the Pakistan Stock Exchange (PSX) today.

Liberty Mills Limited is a leading player in the textile industry, known for its commitment to quality and innovation. Specializing in textile manufacturing, the company has established a notable presence with focus on meeting market demands and maintaining high production standards.

Soorty Enterprises (Pvt) Limited has been involved in textile manufacturing and export for nearly 40 years and is a denim manufacturing powerhouse with a global, vertical integrated setup and a focus on design, innovation and sustainability.

Affinity Capital Pvt Limited is part of the Master Group of Industries (MGI), which is a family-owned business with Nadeem Malik, Najeeb Malik, and Shahzad Malik holding shareholding in all group companies either directly or through their holding companies.

MGI is a successful conglomerate which started business in 1963 in the foam industry, and has since expanded into the textile, automobile, engineering and energy sectors.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg