Thursday, October 02 2025

Gillette Pakistan to consider delisting as part of P&G restructuring
Gillette Pakistan said on Thursday it would evaluate a potential delisting following a decision by its parent Procter & Gamble to discontinue its business in Pakistan as part of the consumer product group’s global restructuring programme. Gillette Pakistan plans to convene a board meeting shortly to evaluate the actions required for this business discontinuation, including the potential de-listing from the Pakistan Stock Exchange, the company said in a filing. P&G said in a separate statement that the company would wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers in the country.
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Related symbols: glpl (news stock)

Friday, September 26 2025

US based Ingredion to sell majority stake in Rafhan Maize to Nishat Hotels & Properties
Ingredion Incorporated, the majority shareholder of Rafhan Maize Products Company Limited (RMPL), has signed a conditional agreement to sell its 51.04% stake in RMPL to Nishat Hotels and Properties Limited. RPMPL, one of Pakistan’s largest agro-based companies, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. “We have been informed by our majority shareholder, Ingredion Incorporated, that they have entered into a conditional Share Purchase Agreement with Nishat Hotels and Properties Limited for the sale of their 51.04% shareholding in the company,” read the notice. RMPL shared that through this transaction, Ingredion will reduce its equity in the company. “Completion of the transaction remains subject to the satisfaction of various conditions agreed in the agreement, and relevant regulatory approvals,” it added. Earlier in May, it was learnt that Ingredion Incorporated, a US-based food and beverage ingredient provider, was evaluating offers to sell its stake in RMPL. Following the announcement, Nishat Hotels and Properties Limited, a part of Nishat Group, has expressed its intention to acquire up to 75.69% stake in RMPL.
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Related symbols: rmpl (news stock)

Tuesday, September 23 2025

TOMCL secures $8.1m export deal
The Organic Meat Company Ltd (TOMCL) has signed a new export contract worth $8.1 million with UAE-based Gold Crest Trading FZE for the supply of frozen boneless beef, expanding its footprint in the Gulf market amid growing demand for Pakistani meat products. In a filing with the Pakistan Stock Exchange on Monday, TOMCL said the beef will be exported for industrial and household processing in the United Arab Emirates. The company expects to fully realise the contract’s revenues during the current fiscal year (FY26). “This contract reaffirms our position as a leading meat processor and exporter from Pakistan to the UAE,” TOMCL said, adding that the deal reflects the quality of its meat production and is expected to strengthen the company’s topline and create additional value for shareholders.
Related news categories: business economic-indicators misc personal-care psx stock-exchanges
Related symbols: tomcl (news stock)