• Home
  • Mughal Steel completes acquisition of Mughal Energy Limited

Mughal Steel completes acquisition of Mughal Energy Limited

MUGHAL
Posted by: Jabran Kundi 0 Post Date: November 30, 2023

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.

📢 Announcement: We're on WhatsApp – Join Us There! 

 

whatsapp group ksestocks

 

MUGHAL shares were trading at Rs. 66.5 during trading hours earlier today.

⚠️ 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 →

Share this post

Author

Jabran Kundi is the leader of the KSEStocks team. He is currently a regular contributor on Insider Monkey and Yahoo Finance, covering the US stock market. As a bilingual stock market enthusiast, Jabran has also worked extensively covering the German and UK stock markets. Lately, he has been focused on the Pakistan Stock Exchange, which is where he envisioned the creation of this platform.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

MEBL
08Dec

MEBL executives sell Rs. 5.37 million worth of shares

Meezan Bank(MEBL) announced that two company executives sold 33000 shares of the company at different prices read more
20Feb

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%) shareholder of Lotte Chemical Pakistan... read more
Inflation CPI
04Feb

January CPI recorded at 2.4%, lowest in 9 years

When we talk about inflation, we are discussing how prices of everyday goods and services change over time. In January... read more
TBL
05Mar

TREET Corporation to sell stake in TBL

Treet Corporation Limited (TREET) is ready to sell some of its stake in its subsidiary Treet Battery Limited (TBL). read more
21Feb

LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan

On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information. read more
KOHC logo
08Dec

KOHC executive sells Rs. 10 Million worth of shares

Kohat Cement Company Limited (KOHC) announced that  executive of the company sold 46482  shares of the company . read more
economy
11Aug

Understanding Weak Currencies – In Light of Pakistan’s New Economic Figures

Exchange rates are not a steady metric. In fact, they can change by the second. However, we see across major... read more
OGRA - Oil & Gas Sector
26Aug

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 increase, reaching a total of... read more
SBP Monetary Policy
21Aug

Can monetary policy steer Pakistan’s FY25 economic future?

Monetary policy plays a pivotal role in shaping a country’s economic trajectory, and this is particularly true for Pakistan as... read more
04Feb

MTL clarifies Rs. 18 Billion tax order by FBR, citing unrealistic demands

On 03/02/2025, Millat Tractors Limited (MTL) disclosed the following material information. read more