Categories: Material Information

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In a notification sent to PSX on 08/05/2024, LSE Ventures Limited (LSEVL) merger petition withdrawn as court demands for the fresh evaluation.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need for the fresh valuation for determination of the SWAP ratio, the merger petition through C.M. No. 2/2024 has been withdrawn for the time being with the permission of the Honorable Lahore High Court.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.

Aamir Hayat

Recent Posts

HUBC’s base plant expiry: What is next for the power giant?

The closure of the Hub Power Company Limited (HUBC) plant marks a significant shift in…

2 weeks ago

How well did Fatima Fertiliser perform in 2QCY24?

Fatima's 2QCY24 financial performance reflects a challenging quarter, marked by a significant decline in profitability…

3 weeks ago

How is HMB handling financial challenges to grow?

Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…

3 weeks ago

How does MARI and POL reserve life compare?

In the oil and gas sector, the longevity of reserves is a critical measure of…

3 weeks ago

Is Cherat Cement poised for growth?

Cherat Cement Company Limited (CHCC) has recently released its financial results for the fourth quarter…

3 weeks ago

Pakistan’s Hydrocarbon Reserves see notable growth in 2024

As of June 2024, Pakistan's hydrocarbon reserves experienced a notable uptick, with a 2% YoY…

4 weeks ago