UPDL receives Rs. 1.131 billion from International Brands (IBL)

In a notification sent to PSX on 15/05/2024, United Distributors Pakistan Limited (UDPL) has announced that it has received the full amount of Rs. 1.131 billion from IBL.

Following our earlier announcemen‘s / disclosures on September 28, 2023, and October 19, 2023, the Company has received the full amount of Rs. 1.131 billion from M/s International Brands (Private) Limited (“IBL”) as part of the consideration for the non-compete agreement (NCA).

UPDL shares were last trading at Rs. 35.48 today.

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⚠️ 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 →