Karachi: Fatima Fertilizer Company Limited has announced its intention to procure various financial instruments from Agritech Limited, held by banking and financial institutions. This move aligns with the regulatory requirements of the Securities Act, 2015, and the PSX Rule Book.

The company, a major player in the fertilizer industry, disclosed its plans to acquire ordinary shares, convertible and non-convertible preference shares, and zero coupon bonds/sukuks of Agritech Limited. According to information available from the Pakistan Stock Exchange (PSX), this strategic decision is part of Fatima Fertilizer's broader investment strategy.

In compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the PSX Rule Book, Fatima Fertilizer is committed to transparency and will continue to report any significant developments in this acquisition process. The company has also pledged to make further announcements as required by PSX regulations, ensuring that TRE Certificate Holders are kept informed.

This initiative marks a significant step in Fatima Fertilizer's efforts to expand its holdings and reinforce its position within the financial fabric of the sector, leveraging instruments that provide strategic benefits in the market.