Karachi, Next Capital Limited informed Pakistan Stock Exchange that the Company has received a Public Announcement of Intention from Alfalah CLSA Securities Private Limited, the manager to the offer acting on behalf of Mr. Muhammad Najam Ali, Mrs. Hanna Khan and Mr. Muhammad Zulqarnain Mahmood (the Acquire) to acquire up tp 42.53% shareholding (i.e. 21,053,279 shares) of the Company.
Next Capital Limited is a company incorporated in Pakistan as a public limited company on December 14, 2009. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a member of the Karachi Stock Exchange Limited and a member of Pakistan Mercantile Exchange Limited. The company is principally engaged in the brokerage of shares, stocks, securities, commodities and other financial instruments and consultancy services. The company is engaged in trading in equity and debt securities on its own account through ready, spot and forward counters of the exchange. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.
The symbol “NEXT” is being used by the stock exchange for the shares of Next Capital Limited.