Pakistan Cables Board Approves Sale Of 17% Chinoy Engineering Stake

Pakistan Cables Limited has agreed to sell its entire 17 percent stake in Chinoy Engineering & Construction (Private) Limited to the firm for concerning Rs.

Key points

• Chinoy Engineering & Construction (CECL) was established in 2024 as an associate firm of the Amir S.
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• The board of Pakistan Cables approved the offer from Chinoy Engineering & Construction at its session on Sept.
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• The transaction is subject to the required corporate, regulatory and shareholder approvals, along with completion of the necessary documentation and other formalities.

For context, the board of Pakistan Cables approved the offer from Chinoy Engineering & Construction at its session on Sept. 3, 2026. The firm holds 4.845 million ordinary shares in Chinoy Engineering, representing 17 percent of its issued and paid up capital.

Chinoy Engineering has offered to purchase the shares at approximately Rs. 72.24 each, for a total consideration of regarding Rs. 350 million. ADB Announces $200 Million More Loan to Modernize Pakistan's Revenue Administration.

Meanwhile, the transaction is subject to the required corporate, regulatory and shareholder approvals, along with completion of the necessary documentation and other formalities.

Chinoy Engineering & Construction (CECL) was established in 2024 as an associate firm of the Amir S. Chinoy Group, which includes International Industries, Pakistan Cables and International Steels.

Notably, the firm was set up to expand the group into construction and engineering services and secured a contract with Reko Diq Mining Business to design and build a permanent accommodation camp at the Reko Diq copper and gold mines in Balochistan. Stay Connected with ProPakistani.

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Taken together, the developments around pakistan Cables Board Approves Sale Of 17% Chinoy Engineering Stake point to a situation that is still moving, and the coming days should bring more clarity.