Fauji Fertilizer Company Limited (PSX: FFC) has successfully concluded its public offer for Agritech Limited (PSX: AGL), acquiring 7,847,930 ordinary shares from the general public by the close of the acceptance period on January 4, 2025. The development was announced through a notification to the Pakistan Stock Exchange (PSX).

The public offer, which aimed to acquire up to 151,052,013 ordinary shares—representing approximately 35.57% of Agritech Limited’s total paid-up share capital—saw a partial response from shareholders. Payments have been made by FFC to all shareholders who participated in the offer.

Earlier, on November 20, 2024, FFC revised its offer price from Rs. 38.84 per share to Rs. 39.05 per share, as announced in a Revised Public Announcement of Offer published in leading newspapers. The upward revision was aimed at encouraging greater participation from shareholders.