Nishat Group Seeks 75.7% Takeover of RMPL’s voting shares

Rafhan Maize Products Company Limited (RMPL) announced that it has received an addendum to the Public Announcement of Intention from a consortium comprising Nishat Hotels and Properties Limited, D.G. Khan Cement Company Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Lalpir Power Limited, Pakgen Power Limited, and individual members of the Mansha family to acquire control and up to 75.69% of the voting shares of RMPL.

The Board of Directors of RMPL was formally notified of this intention, which involves the acquisition of shares and control of the company. The latest notification provides updated information regarding the list of acquirers and their respective shareholding structures following the original announcement. The consortium, led by Nishat Hotels and Properties Limited, intends to acquire the majority stake in RMPL, marking a significant shift in the company’s control.

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RMPL share price was Rs. 7450.00 today.

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