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In a notification sent to PSX on 08/05/2024, LSE Ventures Limited (LSEVL) merger petition withdrawn as court demands for the fresh evaluation.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need for the fresh valuation for determination of the SWAP ratio, the merger petition through C.M. No. 2/2024 has been withdrawn for the time being with the permission of the Honorable Lahore High Court.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

AGP Healthcare for a Better Tomorrow

AGP Limited (AGP) monthly market structure is showing strong bullish trend. Even this stock broke…

4 days ago

Why dividends cause share price drop if they’re paid from earnings?

When a dividend is paid, the share price drops by approximately the same amount because…

2 weeks ago

MUGHAL right shares – 3 things to know before subscribing

On November 5, 2024, Mughal Iron & Steel Industries Limited (MUGHAL) announced a unique rights…

4 weeks ago

How to analyze pharmaceutical sector

How to analyze pharma sector companies in PSX. Pakistan's pharma sector is considered a complicated…

1 month ago

Shifa International (SHFA) has returned 150% in two months, will the rally continue?

Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…

1 month 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 months ago