LSEVL withdraws merger petition for reevaluation

In a notification sent to PSX on 08/05/2024, LSE Ventures Limited (LSEVL) merger petition withdrawn as court demands for the fresh evaluation.

We are to inform that due to the need for the fresh valuation for determination of the SWAP ratio, the merger petition through C.M. No. 2/2024 has been withdrawn for the time being with the permission of the Honorable Lahore High Court.

LSEVL shares were last trading at Rs 5.25 at market closed today.