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Karachi, In compliance with the Securities Act, 2015 and the PSX Regulations, Air Link Communication Limited has made a noteworthy announcement. Next Capital Limited, acting as the Manager to the Offer, submitted a Public Announcement of Intention (PAI) on behalf of Air Link Communication Limited and Pakistan Refinery Limited on July 17, 2023. The purpose of the PAI is to acquire a substantial 77.42% stake in Shell Pakistan Limited, including control over the company.
This strategic move by Air Link Communication Limited and Pakistan Refinery Limited represents a significant development within the corporate landscape. The acquisition proposal is being made in accordance with Sections 96 and 131 of the Securities Act, 2015, as well as Regulation 5.6.1 of the PSX Regulations.
As the market absorbs this news, industry analysts and stakeholders eagerly await further details and progress regarding the acquisition of shares and control over Shell Pakistan Limited. This announcement marks a significant step in the strategic growth plans of Air Link Communication Limited and Pakistan Refinery Limited.
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