Islamabad, Mar 3, 2025: A consortium of investors, including Asif Ali Shaikh, Muhammad Hanif Shaikh, and Kashif Mumtaz, has officially announced a public offer to purchase up to 861,970 ordinary shares of Calcorp Limited.
The transaction is being managed by JS Global Capital Limited.
This acquisition accounts for 8.02% of the company’s total issued share capital, with the offer price set at Rs. 32.98 per share.
The public offer comes after a share purchase agreement (SPA) signed on October 15, 2024, followed by an addendum on February 19, 2025.
As part of this agreement, the acquiring group has committed to purchasing 83.96% of Calcorp Limited’s shares from the current sponsors.
Regulatory Compliance and Mandatory Offer
In accordance with Section 111(c) of the Securities Act, 2015, the transaction mandates a public offer for additional shares.
This regulatory requirement ensures transparency and gives other shareholders an opportunity to participate in the acquisition process.
JS Global Capital Limited, serving as the offer manager, has confirmed that all necessary documentation has been submitted to the relevant regulatory authorities.
Furthermore, a public announcement regarding the offer will be published in major newspapers on March 5, 2025.
Market Impact and Shareholder Considerations
The acquisition of a significant majority stake in Calcorp Limited is expected to reshape the company’s ownership structure and strategic direction.
Investors and stakeholders will closely monitor this transaction as it unfolds, given its potential impact on market dynamics and share value.
For existing shareholders, this public offer presents an opportunity to sell their shares at the designated price of Rs. 32.98 per share.
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Analysts suggest that this move could influence investor confidence and trading activity in the coming weeks.
With regulatory procedures underway and the official public offer announcement set for March 5, 2025, this acquisition marks a crucial milestone for Calcorp Limited.
Investors, market analysts, and shareholders will be watching closely as developments unfold.
