AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Dawood Lawrencepur Limited (DLL) has transferred its entire shareholding in Reon Energy Limited (REL) to Juniper International FZ LLC.

The development, which marks a significant strategic shift in the company’s renewable energy investments, was shared by DLL in a notice to the Pakistan Stock Exchange (PSX) on Tuesday.

“We are pleased to inform you that the company has transferred its entire shareholding in Reon Energy Limited (REL) (i.e. 102,600,000 shares constituting 100% of the issued and paid up capital of REL) to Juniper International FZ LLC on October 7, 2024,” read the notice.

The share transfer was made under the terms and conditions specified under the Share Purchase Agreement dated March 22, 2023, between the acquirer and the company.

Reon Energy is an energy company, which provides solar energy solutions, energy storage, electric vehicle charging, and digitalization of energy assets to industries.

Incorporated in Pakistan as a public listed company in 2004, DLL was established as a result of scheme of arrangement for amalgamation among Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woolen & Textile Mills Limited.

The company is engaged in managing investments in its subsidiaries and associated companies. The company was also engaged in trading and marketing of renewable energy solutions particularly solar to commercial and industrial consumers.

Last month, DLL informed the proposed sale of Tenaga Generasi Limited, an independent power producer (IPP) with a 49.5MW wind power plant, to Artistic Milliners (Private) Limited will not proceed due to unmet conditions within the specified timeframe.

Comments

200 characters