Karachi: Adam Securities Limited has announced a Public Announcement of Offer (PAO) for the acquisition of Bela Automotives Limited, a transaction involving 2,901,100 ordinary shares, representing 50.02% of the company’s issued and paid-up capital. The acquisition is being executed under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The PAO, scheduled for publication in Daily Times and Roznama Dunya on May 17, 2025, outlines the acquisition details, including a per-share offer of PKR 5.0. The acquiring party, Mr. Amir Noman, through Adam Securities Limited, aims to take control of the automotive firm, which falls under the designated market category of the Pakistan Stock Exchange.

According to information available from the Pakistan Stock Exchange (PSX), the transaction is in compliance with the required regulatory framework. The necessary documentation, as mandated by Schedule VIII of the Regulations, has been dispatched to the Securities and Exchange Commission of Pakistan (SECP) alongside a hard copy of the PAO.

Stakeholders and relevant parties seeking further details or clarifications regarding the acquisition have been advised to contact Adam Securities Limited directly.