UDL divests 4.7% stake in International Brands to Universal Ventures

News Image

MG News | May 02, 2023 at 09:51 AM GMT+05:00

0:00

May 02, 2023 (MLN): The Board of Directors (BoD) United Distributors Pakistan Limited (PSX: UDL) on Friday approved the divestment of equity shares of International Brands (Private) Limited (i.e. 110.79 million shares constituting approximately 4.7% held by the company to Universal Ventures (Private) Limited.

Further, the board has authorized the Chief Executive Officer (CEO) and Board Investment Committee Chairman of the company to carry out the valuation, negotiation, and finalizing of the terms of the transaction along with the preparation of necessary documents for the consideration of the board.

The aforesaid information was disseminated through the notification to exchange today. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,866.37
99.92M
1.05%
1454.12
ALLSHR 86,626.56
206.14M
1.08%
923.60
KSE30 42,744.90
58.67M
1.16%
490.06
KMI30 196,842.28
62.62M
1.41%
2732.69
KMIALLSHR 57,473.07
108.69M
1.34%
759.41
BKTi 38,182.12
7.26M
0.93%
350.78
OGTi 28,381.94
30.26M
3.43%
941.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,100.00 119,430.00
117,905.00
1480.00
1.26%
BRENT CRUDE 72.33 72.82
72.17
-0.91
-1.24%
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 69.96 70.41
69.80
-0.04
-0.06%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News
July 31, 2025 at 11:20 AM GMT+05:00

Sitara Peroxide narrows annual loss by 77%


July 31, 2025 at 10:16 AM GMT+05:00

Pakistan seeks stronger trade ties with Morocco


July 31, 2025 at 10:02 AM GMT+05:00

Fed holds rates steady



Top 5 things to watch in this week

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