Mughal Steel completes acquisition of Mughal Energy Limited
In a notification sent to the PSX on 30/11/2023, Mughal Iron & Steel Industries Limited (MUGHAL) announced that it had successfully completed the acquisition transaction of Mughal Energy Limited(MEL).
With the completion of this transaction, MEL is now a wholly-owned subsidiary of MUGHAL. The work on the new plant has already started and the project is expected to be completed within 18 months.
MUGHAL shares were trading at Rs. 66.5 during trading hours earlier today.
📢 Announcement: We're Moving to Discord – Join Us There!
Hi everyone! 👋
To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!
Here’s what you’ll get on Discord:
✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of
Join now 👉 https://discord.gg/kST9hWjS
⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
Leave a Reply