Friday, July 12, 2024
spot_img
HomeFinanceStock MarketSEARLE PAKISTAN, ACQUISITION OF SEARLE IV SOLUTIONS (PVT) LTD AND STELLAR VENTURES...

SEARLE PAKISTAN, ACQUISITION OF SEARLE IV SOLUTIONS (PVT) LTD AND STELLAR VENTURES (PVT) LTD

1. ACQUISITION OF SEARLE IV SOLUTION (PVT) LTD.
The Searle Company Limited ke Board of Directors ki taraf se diya gaya authorization (jo April 28, 2023 ko dekhaya gaya tha) ke mutabiq, IV Solutions ke business mein involve kisi company mein invest karne/acquiring karne ke feasibility/viability potential investment ke mutabiq ki gayi 25 May 2023 ki meeting mein Board ne Searle IV Solution (PVT) LTD (An Associated Company) ko 100% ke issued and paid up shares capital PKR 3,500,000,000/- ke aggregative price par acquiring karne ke liye approval de diya.

Additionally, Board ne un logon ko authorize karne ka faisla kiya jo said transaction ke mutabiq sabhi necessary steps le sakte hain, jismein Company ke shareholders ki extraordinary general meeting ko call karne ka bhi kaam hai, jiska propose inter alia, shareholders se aise acquisition ke liye approval hasil karna hai.

2. ACQUISITION OF STELLAR VENTURES (PVT) LTD.
October 3, 2022 ko, Board ne inter alia, Stellar Ventures (Private) Limited (“SVPL”) ki 100% shareholding Universal Ventures (Private) Limited (Company ki related party) se arm’s length basis par valuation karne aur baat cheet karne ke baad purchase karne ka faisla kiya, jo Company ke UVPL se due receivable balance ke khilaf adjust kiya jaayega, valuation aur shareholder approval ke saath.

Is ke baad, valuation aur bat cheet karne ke baad, Board Meeting mein Board ne SVPL (Company ki associated company) ke issued and paid up share capital ke 100% PKR 3,750,407,053/- (Pak Rupees Three Billion Seven Hundred Fifty Million Four Hundred Seven Thousand Fifty-Three) ke aggregate price par purchase approval diya, jo amount Company ke UVPL se due receivable balance ke ek hisse ke khilaf adjust ki jaayegi.

Necessary corporate aur regulatory approvals, jismein Company ke shareholders ki taraf se Section 199 of the Companies Act 2017 ke tahat approval bhi hai, ke hasil karne ki shart par. SEARLE PAKISTAN ki taraf se PSX ko inform kia gaya via Notification.

- Advertisment -spot_imgspot_imgspot_imgspot_img

Most Popular

×