The Board of Directors of Azgard Nine Limited (ANL) has decided that the company will explore the possibility of disinvesting up to 24.99 percent of its holding in Pak American Fertiliser Limited (PAFL). The ANL board took this decision in a meeting held on Friday, a notice sent to Karachi Stock Exchange (KSE) said.
According to the notice, the ANL will explore the possibility of disinvesting up to 24.99 percent of its holding in its wholly owned subsidiary by way of an 'Offer For Sale' through a combination of private placement and an Initial Public Offering at the domestic stocks exchange (s).
Comments
Comments are closed.