Islamabad, Oct 16: A consortium has acquired an 83.96 percent stake in Calcorp Limited (PSX: CASH), the company informed the main bourse on Wednesday.
As per the stock filing, “Optimus Limited notified the Company on October 15, 2024, that a group of three individuals, specifically Mr. Asif Ali Sheikh, Mr. Muhammad Hanif, and Mr. Kashif Mumtaz, executed a Share Purchase Agreement for the sale of Optimus Limited’s entire shareholding in the Company on October 15, 2024.”
It further stated that the investment consisted of 9,020,473 shares, or 83.96 percent of the company’s outstanding share capital.
The filing went on to say that the Acquirors‘ public offer, the obtaining of necessary governmental approvals, and the fulfillment of other closing requirements would all need to happen before the Transaction is completed.
Being a general-purpose holding company with the ability to invest in a variety of marketable securities, intellectual property, and other assets available for hire is CASH’s primary business activity.
