Karachi: Meskay & Femtee Trading Company Private Limited has officially announced its intention to acquire a significant majority stake in Mandviwalla Mauser Plastic Industries Limited. This move is part of a strategic acquisition plan under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The announcement was first published in Express Tribune and Daily Express newspapers on June 13, 2024.

The acquisition will involve purchasing up to 21,391,485 ordinary shares, which represent 74.41% of the issued ordinary share capital of Mandviwalla Mauser Plastic Industries Limited. Intermarket Securities Limited, acting as the Manager to the Offer, has facilitated this transaction on behalf of the Acquirer. The comprehensive offer document, along with all necessary documents as required under section 7 (5) of the Regulations, has been dispatched to the relevant authorities.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition aligns with the Acquirer's strategic objectives to expand its market presence in the industrial and consumer goods sector. The designated market category for this transaction falls under the substantial acquisition of voting shares and takeovers, which is regulated to ensure fair and transparent market practices.

The public announcement of the offer will be disseminated through Pakistan Observer and Roznama Dunya newspapers on February 6, 2025. This strategic acquisition marks a significant development in the industrial market, potentially impacting the market dynamics and shareholder value of the Target Company.