Fauji Fertilizer Company Ltd. (PSX: FFC) has announced an increase in its offer price for acquiring up to 151 million ordinary shares of Agritech Limited (PSX: AGL), raising the price from Rs. 38.84 to Rs. 39.05 per share. This adjustment follows a competing bid from Maple Leaf Cement Factory Ltd. (PSX: MLCF), as disclosed in a public announcement of a public offer.

The revised offer elevates the total value of the proposed acquisition from Rs. 5,867 million to Rs. 5,899 million, according to a notice issued by FFC to the Pakistan Stock Exchange (PSX) on Monday.

Agritech Limited’s core business involves the production and sale of Urea and Granulated Single Super Phosphate fertilizers, making it a significant player in the agricultural sector.