Nishat Hotels and Properties Limited has extended the deadline for making the Public Announcement of Offer for acquiring up to 75.69% shares in Rafhan Maize Products Company Limited (RMPL) to February 10, 2026.
The original deadline of November 12, 2025 — 180 days after the May 16, 2025 Public Announcement of Intention (PAI) — has been postponed by 90 days due to pending regulatory approvals and the finalisation of transaction documents, according to a notice shared with the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) by Next Capital.
Earlier this year, Ingredion Incorporated, a US-based food and beverage ingredient provider, was evaluating offers to sell its stake in RMPL. Following this, Nishat Hotels expressed its intention to acquire the majority stake.
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