Karachi: Cherat Cement Company Limited has publicized its intention to acquire up to 75.69% of shares and joint control of Rafhan Maize Products Company Limited. The announcement was officially published on May 12, 2025, in the daily Business Recorder and Nawa-e-Waqt newspapers.

The acquisition plan by Cherat Cement, a significant player in the construction material sector, marks a strategic move to broaden its investment portfolio. This proposed acquisition aims to diversify Cherat Cement’s interests into the food processing industry, particularly within the maize products category.

The public announcement was disclosed through widely circulated English and Urdu newspapers, ensuring comprehensive visibility within the market. The intention to acquire a substantial share in Rafhan Maize Products highlights a noteworthy shift in Cherat Cement's business strategy, potentially impacting its financial standing and market dynamics.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition, if successful, would provide Cherat Cement with a controlling interest in Rafhan Maize Products, thereby influencing its operational and financial decisions. The move is expected to bring significant changes to the maize products market segment.

Rafhan Maize Products Company Limited is a prominent entity in the designated market category of food processing, known for its extensive range of maize-based products. The acquisition could lead to operational synergies and enhanced market presence for both companies.

This development is being closely monitored by industry analysts and investors as it may reshape market strategies and business operations in both the cement and food processing sectors.