TGL offers to acquire 7.82% stake in Balochistan Glass
MG News | August 10, 2023 at 02:30 PM GMT+05:00
0:00
August 10, 2023 (MLN): On behalf of Tariq Glass Industries Limited (PSX: TGL), AKD Securities Limited as the Manager to the Offer submitted the Public Announcement of Offer to acquire up to 20.47 million ordinary shares of Balochistan Glass Limited (PSX: BGL) constituting 7.82% of the issued share capital.
This is subject to the minimum acceptance level of 5.47% share followed by the purchase of 50% shares of MMM Holding which holds 84.34% shares of BGL.
The aforesaid development is in accordance with the Securities Act, 2017 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
CopyrightMettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,690.00 | 119,440.00 118,225.00 | 395.00 0.33% |
| BRENT CRUDE | 72.56 | 73.17 71.75 | 0.05 0.07% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.23 | 69.79 68.45 | 0.02 0.03% |
| SUGAR #11 WORLD | 16.43 | 16.58 16.40 | -0.16 -0.96% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()