Cherat Cement Acquires 51% Stake in Nimir
Summary
Cherat Cement Company Limited enters SPA to acquire 51% of Nimir's shares at Rs 340 each, subject to regulatory approvals.
Kind of disclosure: Partnership/JV
Read the original filingKey facts
- Cherat Cement acquires 51% stake
- 51% of share capital
- Share Purchase Agreement signed
- 2026-10-30
- Regulatory approvals pending
- Required for transaction completion
- Price per share agreed
- Rs 340
Nimir Industrial Chemicals Limited (NICL) on Nafa
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More NICL announcements
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- Material informationSignificant Share Sale Agreement SignedNICL shareholders sign SPA with Cherat Cement for 13.07% shares at Rs 340 each, pending regulatory approvals.
- NoticeNotice of Corporate Briefing Session - NICL - November 06, 2026
- NoticeTransmission of Quarterly Report for the Period Ended September 30, 2026
- NoticeTransfer of Full and Final Cash Dividend (D - 26) for the FY 2026
Source: Nimir Industrial Chemicals Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.