Sub-Committee Of The Cabinet Committee On Privatisation Finalized Recommendations On Pakistan Petroleum Limited Secondary Public Offering

Islamabad: A meeting of the Sub-Committee of CCOP was held at Privatisation Commission to review PPL Secondary Public Offering Transaction Structure and Floor Price for Book Building process. The meeting was chaired by Minister for Water and Power, Syed Naveed Qamar, Chairman of the Sub-Committee. Chairman SECP Mr. Muhammad Ali, Secretary Petroleum Muhammad Ejaz Chaudhry and Acting Secretary Privatisation Commission (PC) Liaquat Ali along with other officials of PC and Financial Advisor attended the meeting.

The Sub-Committee after detailed discussion acknowledged that PPL is a blue chip company and its shares should not be underpriced, instead it should fetch a fair market price.

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