Rudolf Pakistan (Private) Limited has officially announced its intention to acquire more than 30% of the issued and paid-up share capital, along with control, of Nimir Resins Limited. The announcement was made through AKD Securities Limited, which has been appointed as the Manager to the Offer, in accordance with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
The Public Announcement of Intention, submitted to the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX), is set to be published in both English and Urdu newspapers on December 24, 2024. The acquisition is subject to obtaining all necessary regulatory approvals.
Nimir Resins Limited, a prominent player in the chemical and resins industry, is the target company for this substantial acquisition. The move is expected to strengthen Rudolf Pakistan’s position in the market and expand its operational footprint in the sector.
AKD Securities Limited, acting on behalf of Rudolf Pakistan, has assured stakeholders of its commitment to transparency and compliance with all regulatory requirements. The company has invited any queries or requests for clarification regarding the acquisition process.
