Fatima Fertilizer Company Limited (PSX: FATIMA) has announced its intention to procure various financial instruments of Agritech Limited.
The targeted instruments include Ordinary Shares, Convertible Preference Shares, Non-Convertible Preference Shares, and Zero Coupon Bonds/Sukuks held by banking and other financial institutional investors of Agritech.
“We will keep reporting any significant developments in this regard, and the Company will make further announcements as required under the PSX regulations,” the fertilizer maker informed the main bourse on Thursday.
The primary business activity of Fatima Fertilizer is the manufacturing, producing, buying, selling, importing, and exporting of fertilizers and chemicals.
On Thursday, the company’s stock closed at Rs. 54, reflecting an increase of 2.55 percent or Rs. 1.34, with 4.48 million shares traded.
