Fauji Fertilizer Company Limited (PSX: FFC) has initiated a public offer to acquire 151.05 million ordinary shares of Agritech Limited. This move was announced in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.

The offer is being made under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. Integrated Equities Limited, acting as the Manager to the Offer, referenced a Public Announcement of Intention to acquire shares and control of Agritech Limited, which was initially published on September 12, 2024, in two newspapers.

As part of the acquisition process, FFC has submitted the Public Announcement of Offer in compliance with Regulation 7(2) of the aforementioned regulations. Additionally, supplementary documents and information required under Regulation 7(5) will be submitted separately to the Securities and Exchange Commission of Pakistan.

The Public Offer announcement is scheduled to be published in the newspapers Nawa-e-Waqt and The Nation on October 25, 2024, as stated in the notice.