Court Approves Merger of Crescent Star Foods with PICIC Insurance
Summary
Sindh High Court approves merger of Crescent Star Foods with PICIC Insurance, subject to regulatory and procedural formalities.
Kind of disclosure: Regulatory/Legal
Read the original filingKey facts
- Sindh High Court approves merger
- Merger with Crescent Star Foods
- Issuance of 7.9 billion new shares
- New ordinary shares
- Crescent Star Insurance to become controlling shareholder
- Controlling interest
- Regulatory approvals required
- Pending procedural formalities
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Source: PICIC Insurance 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.