ENGRO board gives the go-ahead for restructuring with DH Corp

In a notification sent to PSX on 06/05/2024, Engro Corporation (ENGRO) has announced the restructuring of Engro Corp and DH Corporation Limited.

The Board of Engro Corporation Limited (Engro Corp) in its meeting held on May 03, 2024, has given an in-principle approval of the proposed restructuring of Engro Corp and DH Corporation Limited (DH Corp) by way of a Scheme of Arrangement. Both companies will now finalize the terms of the proposed restructuring and jointly appoint advisors for a Scheme of Arrangement to be presented to the respective Boards for approval and execution.

This elaboration highlights the importance and implications of the approved restructuring plan between Engro Corp and DH Corp, emphasizing the collaborative effort and future steps involved

The shares of ENGRO were last trading at Rs 365.27 today