A Notable Investor Planning to Divest Shares from Byco Indus

A Notable Investor Planning to Divest Shares from Byco Industries Incorporated


A Notable Investor Planning to Divest Shares from Byco Industries Incorporated
One of the notable investors of Byco Petroleum Limited intends to divest its 22 percent shareholding from the integrated oil refining and retailer giant, according to a notification submitted to Pakistan Stock Exchange (PSX) on Tuesday.
According to the stock filing, IGCF Oil and Gas Limited (previously known as IGCF), one of the shareholders of Byco Industries Incorporated (BII), is planning on reducing its indirect equity investment in Byco Petroleum Pakistan Limited (BPPL) held through BII.
Accordingly, as per arrangements agreed with IGCF, BII intends to divest up to 22 percent shares of BPPL.

Related Keywords

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