Karachi: Optimus Capital Management (Private) Limited has announced its intention to acquire a substantial stake in Rafhan Maize Products Limited, according to a statement released on May 15, 2025. The announcement, made on behalf of Sapphire Fibres Limited, outlines plans to acquire 75.69% of the ordinary shares of the company.

Optimus Capital Management has been appointed as the Manager to the Offer in compliance with the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. This move marks a significant potential shift in the ownership structure of Rafhan Maize Products Limited, a leading entity in the designated market category.

The company detailed that the Public Announcement of Intention will be disseminated in both an English and an Urdu language newspaper within two working days. This step is in accordance with regulatory requirements to ensure transparency and public awareness of the acquisition process.

According to information available from the Pakistan Stock Exchange (PSX), Rafhan Maize Products Limited is a prominent player in the market, and the proposed acquisition by Sapphire Fibres Limited would constitute a major development in the industry. The acquisition process will follow the regulatory guidelines set forth to protect shareholder interests and ensure fair market practices.

The announcement did not disclose the financial terms of the proposed acquisition or the timeline for its completion. Investors and market analysts will be closely monitoring the developments as the acquisition process unfolds, given the potential impact on the company's operations and market position.