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Just In: Dunya Group acquires 70% shares of WorldCall Nayab KhanLast Updated: Feb 18, 2021 Dunya Group has bought 70% shares in WorldCall from Omantel for an undisclosed amount, we have checked with sources who were part of the deal. Early reports suggest that deal between Dunya Media Group and Omantel that had 70% shares in WorldCall was signed yesterday and details are likely to be made public during next few days. It merits mentioning here that 12% shares in WorldCall reside with Salman Taseer (late) while another 18% shares are floated publicly in Pakistan Stock Exchange. Omantel had bought 65% controlling stakes in WorldCall in 2008 for $193 million. It later bought preferred shares of the company as well. ....
Panther Tyres raises Rs2.63b in IPO Financing will be utilised for expansion of its tyre, tube manufacturing capacity 10 of 20 funds outperformed benchmark 100 index. PHOTO: FILE Panther Tyres Limited raised funds worth Rs2.63 billion through auction of 40 million shares to institutional, rich individual and retail investors at the Pakistan Stock Exchange (PSX) on Thursday. The financing will be utilised for expansion of its tyre and tube manufacturing capacity. The company got a share price of Rs65.8 each during the two-day (Jan 27-28) bidding process, which is better known as book building. The company made a new record during the auction as it sold shares at the upper limit. As per details, the company opened bidding at Rs47 per share, which could increase by a maximum of 40% to the upper limit of Rs65.8 in accordance with the prevailing laws. ....