Fatima Fertilizer Company Limited (PSX: FATIMA) has announced its intention to acquire various financial instruments of Agritech Limited, including ordinary shares, convertible and non-convertible preference shares, zero coupon term finance certificates, zero coupon sukuks, and debt.

This move will be conducted within the constraints of section 111 of the Securities Act 2015.

The company in a filing to the Pakistan Stock Exchange (PSX) said that the board may consider a future resolution to authorize the acquisition of a majority of voting shares, potentially exceeding the current limits set by section 111 of the Securities Act 2015.

Fatima Fertilizer’s primary business activities include the manufacturing, production, buying, selling, importing, and exporting of fertilizers and chemicals.

On Friday, FATIMA’s stock closed at Rs. 51.74, with a trading volume of 341,773 shares.