Lahore: Rafhan Maize Products Company Limited has announced that Nishat Hotels and Properties Limited has expressed a firm intention to acquire a substantial majority stake in the company. According to a notification received by the board of directors on May 14, 2025, Nishat Hotels and Properties aims to acquire up to 6,991,052 voting shares, which represents 75.69% of the paid-up capital of Rafhan Maize Products Company Limited.

This acquisition plan exceeds the thresholds set by section 111 of the Securities Act, 2015, indicating a significant move by the acquirer to expand its holdings within the designated market category of consumer goods. The transaction, if completed, will grant Nishat Hotels and Properties Limited a controlling interest in the Target Company.

The Pakistan Stock Exchange has been requested to disseminate this information promptly to the shareholders. The details are to be made accessible via the notice board, automated information system notifications, and announcements within the exchange.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition initiative is a strategic move by Nishat Hotels and Properties Limited to strengthen its portfolio. The formal announcement and subsequent processes will reflect compliance with the regulatory frameworks governing such transactions in the region.

The financial implications of this acquisition will be closely monitored by market analysts and stakeholders within the industry. The transaction details and any potential impact on the market dynamics will unfold as the process progresses.