ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 11.9% of the paid-up ordinary share capital of Sindh Engro Coal Mining Company (SECMC) by International Electric Power (Private) Limited under a share purchase agreement. International Electric Power, established in March 2024 for the purpose of purchasing shareholding of SECMC, is … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 11.9% of the paid-up ordinary share capital of Sindh Engro Coal Mining Company (SECMC) by International Electric Power (Private) Limited under a Share Purchase Agreement (SPA). As per details International Electric Power (Private) Limited, established in March 2024 specifically for this transaction, … Read more
KARACHI: Fauji Foundation (FF) has expressed interest in acquiring Agha Steel Industries (AGHA) with management control as part of its strategy to diversify its extensive portfolio across multiple sectors, including construction, energy, fertiliser, food, and financial services. Agha Steel informed shareholders through a notification to the Pakistan Stock Exchange (PSX) on Thursday, stating that FF … Read more
The Competition Commission of Pakistan (CCP) has approved the acquisition of 8.33% shareholding in M/s. National Investment Trust Limited (NITL) by two Pakistani residents. Following the transaction, M/s. Adamjee Foundation will cease to be a shareholder in NITL. National Investment Trust Limited, established as a Trust on November 12, 1962, through a strategic agreement between … Read more
The Competition Commission of Pakistan (CCP) has approved the acquisition of management rights for certain funds of M/s Faysal Asset Management Limited by M/s. Alfalah Asset Management Limited. This approval follows the execution of a Transfer of Management Rights Agreement between the two entities. Alfalah Asset Management Limited, a public unlisted company, is a prominent … Read more
Blue-Ex Limited said that it is exploring the acquisition of a domestic e-commerce operations currently being offered for sale by a company in the e-commerce sector. This potential move is set to be discussed by Blue-Ex’s Board of Directors at their meeting scheduled for August 30, 2024. In a notification sent to the Pakistan Stock … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted its approval for the acquisition of 100% shareholding of M/s. SadaPay Technologies Limited by M/s. PPR Holding A.S. under a Share Purchase Agreement. As per details M/s. PPR Holding A.S., a private limited company based in Turkey, specializes in investments in financial institutions and technology companies. … Read more
Bollywood superstar Shah Rukh Khan revealed that his production company Red Chillies Entertainment has acquired the rights to Sanjay Leela Bhansali‘s 2002 film “Devdas.” Khan starred in the 2002 film, which appeared at the Cannes Film Festival. Khan was at the Locarno Film Festival to accept a career achievement award and deliver a masterclass. He … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved Lucky Core Industries’ (LCI) acquisition of specific assets from Pfizer Pakistan Limited. This deal, facilitated through a series of agreements including the Frame Agreement and Asset Purchase Agreements, involves several prominent pharmaceutical products and their registrations, manufacturing technology, know-how, and associated trademarks. The products include Ansaid, … Read more