Nishat Shareholders Approve Rs. 2.05 Billion Dairy Sale to Turkish Partner
Shareholders of Nishat Mills Limited have approved the sale of the company's entire shareholding in Nishat Sutas Dairy Limited (NSDL) to Türkiye based Sutas Sut Urunleri A.S.
Shareholders of Nishat Mills Limited have approved the sale of the company's entire shareholding in Nishat Sutas Dairy Limited (NSDL) to Türkiye based Sutas Sut Urunleri A.S.
Article outline
- What happened
- The details
- The bottom line
Key points
- The approval was granted through a special resolution passed at Nishat Mills' Extraordinary General Session held on September 23, 2026.
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- The shares will be sold to Sutas Sut Urunleri A.S., a firm incorporated in the Republic of Türkiye, at Rs.
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Meanwhile, the approval was granted through a special resolution passed at Nishat Mills' Extraordinary General Session held on September 23, 2026. The certified resolution was subsequently filed with the Pakistan Stock Exchange.
Under the approved transaction, Nishat Mills will sell 409, 673, 410 ordinary shares in NSDL, representing approximately 49.10 percent of the dairy company's total issued and paid up share capital. 2 Major Refineries Sign Govt Deals for Upgrades.
For context, the shares will be sold to Sutas Sut Urunleri A.S., a firm incorporated in the Republic of Türkiye, at Rs. 5 per share. The transaction carries a total consideration of Rs. 2, 048, 367, 050, or approximately Rs. 2.05 billion.
In practice, the resolution authorizes Nishat Mills' Chief Executive Officer and Firm Secretary to take all necessary steps to complete the transaction, including executing the share sale and purchase agreement and related transfer documents. Stay Connected with ProPakistani.
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In short, nishat Shareholders Approve Rs. 2.05 Billion Dairy Sale to Turkish Partner is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
