Categories: Material Information

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.

Aamir Hayat

Recent Posts

Impact of JAC T9 Hunter on GAL stock

Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…

23 hours ago

Is a 100 bps cut likely at the Jan 27 monetary policy meeting?

Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.

6 days ago

MTL gained 20% in one month, here’s why

Taurus Securities Limited has just published a report on MLT's monthly sales.

6 days ago

What to expect from APL Q2 earnings

AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…

6 days ago

What to expect from Pakistan State Oil (PSO) Q2 earnings

AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…

7 days ago

Is Engro Fertilizer (EFERT) a good investment for 2025?

Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…

2 weeks ago