Tuesday, September 01 2026

Engro Corp agrees to sell over 56% EPCL stake
Lotte Chemical Pakistan Limited has entered into a share purchase agreement with Engro Corporation Limited for the acquisition of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL), involving approximately 56.19% of EPCL’s issued and paid-up ordinary share capital. The transaction, disclosed separately by Engro Holdings Limited, Lotte Chemical Pakistan Limited and EPCL to the Pakistan Stock Exchange (PSX) on Tuesday, carries an aggregate value of Rs19.7 billion, equivalent to Rs38.6 per share. Engro Corp, a wholly owned subsidiary of Engro Holdings, is the seller in the transaction, while Lotte Chemical Pakistan is the acquirer. The transaction follows the parties’ earlier disclosures dated March 13, 2026, and is aimed at transferring Engro Corp’s entire stake in EPCL to Lotte Chemical Pakistan. According to the filings, completion of the transaction remains subject to the fulfilment of conditions agreed under the share purchase agreement, including receipt of corporate and regulatory approvals and applicable consents.
Related news categories: business chemical economic-indicators investment-copr psx stock-exchanges
Related symbols: engro (news stock) engroh (news stock) epcl (news stock) lotchem (news stock)

SOYASUP (APAG) IPO draws Rs2.56bn bids, strike price set at Rs33
The Initial Public Offering of Agro Processors and Atmospheric Gases Limited (SOYASUP) has concluded its book-building process at a strike price of Rs33.00 per share, following two days of bidding on August 27 and 28, 2026, according to a notice issued by K-Trade Securities Limited on PSX. The offer had opened with a strong response on the very first day itself, with cumulative bids reaching 43.94 million shares, or 100.92% of the total offer volume. The highest demand on day one was recorded at the Rs32.00 per share level, drawing bids for 30.56 million shares, around 69.6% of the cumulative bids, while smaller pockets of demand were seen at Rs32.02, Rs34.00 and Rs35.20 per share. By the close of the book-building, total participation stood at approximately Rs2.56 billion against an issue size of Rs1.40bn, translating into an oversubscription of 1.84 times. Of the 189 investors who took part, 149 were declared successful, with a combined allocation of 43,537,156 shares.
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Engro exits EPCL after three decades, sells stake to Lotte Chemical Pakistan for $71mn
Engro Holdings Limited’s wholly-owned subsidiary, Engro Corporation Limited, has entered into a Share Purchase Agreement (SPA) with Lotte Chemical Pakistan Limited for the sale and transfer of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL). The sale represents approximately 56.19% of EPCL’s issued and paid-up ordinary share capital, for a consideration of approximately Rs19.7 billion, i.e. approx. $70.95 million, subject to the completion of regulatory approvals and other customary conditions, read a statement.
Related news categories: business chemical economic-indicators investment-copr psx stock-exchanges
Related symbols: engro (news stock) engroh (news stock) epcl (news stock) lotchem (news stock)

Monday, August 31 2026

LSE Capital secures IPO advisory mandate for Cordoba Financial Services listing
LSE Capital Limited (PSX: LSECL), jointly with Topline Securities and Growth Securities, has secured the financial advisory and IPO mandate for the listing of Cordoba Financial Services Limited (CFSL), a majority-owned subsidiary of Cordoba Logistics & Ventures Limited (PSX: CLVL). Under the terms of the mandate, 10% additional shares of CFSL will be offered to the market, split between a 75% book-building portion and a 25% public offer. The aforementioned information was disseminated through a notification to Exchange.
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Friday, August 28 2026

APAG IPO fully subscribed on first day
The Initial Public Offering (IPO) of Agro Processors & Atmospheric Gases Limited (APAG) has been fully subscribed on the very first day, reflecting strong investor interest in the company's public offering. According to the latest PSX book-building data, the cumulative bid volume reached 43.94 million shares, representing 100.92% of the total offer volume. The highest demand was recorded at the PKR 32.00 per share price level, where investors placed bids for 30.56 million shares, accounting for around 69.6% of the cumulative bids.
Related news categories: business economic-indicators investment-copr psx stock-exchanges