Islamabad, Dec 12: IGI Investments has notified its parent company, IGI Holdings Limited (PSX: IGIHL), of its plan to acquire a 40.63 percent share in Mitchell’s Fruit Farms Limited (MFFL).
During a meeting on December 11, 2024, the Board of Directors gave initial approval to proceed with the evaluation and due diligence for the potential purchase of this stake from the major shareholders, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar.
The transaction will be carried out in compliance with relevant laws, including the Securities Act of 2015, and will require necessary corporate and regulatory approvals. IGI Investments is fully owned by IGI Holdings Limited.
