Voluntary wind up of Nishat UK Ltd on cards

MG News | February 26, 2019 at 04:18 PM GMT+05:00

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February 26, 2019 (MLN): The Board of Directors of Nishat Mills Limited in its meeting held on February 26 i.e. today, has decided to voluntarily wind up Nishat UK (Pvt.) Limited, a wholly owned subsidiary of Nishat International FZE (a wholly owned subsidiary of the company) to be dissolved under the laws of United Kingdom.

The Board also decided to make further equity investment of up to Rs. 200 million in Nishat Hotels and Properties Limited, an associated company, subject to the approval of company’s shareholders.

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