Karachi: Sapphire Fibres Limited has announced its intention to acquire a significant share of Rafhan Maize Products Company Limited, according to a corrigendum issued by Optimus Capital Management. The announcement, initially made on May 15, 2025, details plans to acquire up to 75.69% of Rafhan Maize’s shares.

The corrigendum, which will be published in Business Recorder and Daily Nai Baat newspapers on July 17, 2025, aims to inform stakeholders of this strategic move. Sapphire Fibres Limited, known for its textile operations, is seeking to expand its portfolio by acquiring a controlling interest in Rafhan Maize, a company with a strong presence in the food and beverage sector.

According to information available from the Pakistan Stock Exchange (PSX), the acquisition move is poised to create shifts within the designated market category, potentially affecting market dynamics. The announcement is expected to garner attention from investors and analysts monitoring the transaction's impact on both companies.

Members of the exchange have been requested to disseminate this information to ensure transparency and informed decision-making among stakeholders. The acquisition, if successful, could lead to a very large or significant move in the share prices of both companies, reflecting the market's reaction to this development.