Islamabad, Nov 26: Matco Foods Limited (PSX: MFL) has announced plans to explore strategic options to raise growth capital for its Corn Starch Division.
The decision was approved during a Board of Directors meeting held on November 25, aiming to bolster ongoing operations, strategic investments, and expansion plans.
In a stock filing, Matco disclosed engaging Bank Alfalah Limited as its financial advisor to guide the process. The company assured shareholders of timely updates as the initiative progresses.
Matco Foods is primarily involved in processing and exporting rice, rice glucose, rice protein, pink salt, masala, and kheer, highlighting its diversified product portfolio and commitment to growth.
