AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Hum Network CEO Showed Intention To Acquire 24.3 Percent Stake In the Company: PSX

admin-augaf by admin-augaf
October 25, 2021
in Business
Reading Time: 2 mins read
0
HUM Network Focused On Managing Cost While Providing Premium Content

HUM Network Focused On Managing Cost While Providing Premium Content

Share on FacebookShare on TwitterWhatsapp

Karachi October 25 2021: Duraid Qureshi, the Chief Executive Officer, showed Intention to acquire up to 332,146,260 ordinary shares of Hum Network Limited, as per information published at Pakistan Stock Exchange (PSX).

This represents 35.15 percent of the total issued paid up capital of the Hum Network Limited. This take total holding of Duraid Qureshi to 59.45 percent as it already holds 24.3 percent in the company.


A L S O || R E A D

Senate Directed For Speedy Justice In Hascol Multi Billion Case With No Mercy


Share price quoted on the securities exchange one day before the public announcement of intention is PKR 6.67 per share while the weighted average share price as quoted on the securities exchange during four weeks preceding the date of public announcement of intention is PKR 6.10 per share.

Hum Network turns into profitability this year after two years of losses.

Acquirer details

Duraid Qureshi is the CEO and co-founder of Hum Network Ltd. He started his career in treasury trading and after completing MBA, joined Al Abbas Sugar Mills Ltd as Chief Operation Officer and Resident Director. In 2001, Mr. Duraid joined Moomal Productions as CEO and turned it into the largest production house in the country.

In 2004, he founded Hum Network (formerly Eye Television Network Ltd.) and successfully launched Hum TV in December 2004. Hum Network has three (3) channels operating in entertainment genre Hum TV (GEC), Masala TV (24 food Channel), Hum Sitaray (entertainment and style) and one (1) channel operating in News Genre, Hum News.
HUM has become a household name and the most successful TV Network in the country. Its viewership includes South Asian communities in USA, Canada, UK & the Middle East and has established subsidiaries in the USA, UK as well as the UAE.

Mr. Duraid also has a passion for Publication Business and has launched successful magazines including GLAM & Masala TV Food Mag.

In 2014, Mr. Duraid was also awarded “Pride of LUMS” by Lahore University of Management Sciences, business school alumni.

Tags: BUSINESSfinancePakistan
admin-augaf

admin-augaf

Related Posts

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP
Business

Majority of the Participants Sees No Change in Policy Rate, Survey

June 12, 2025
IMF
Business

IMF Projects Public Debt To Surpass Global GDP by End of This Decade.

June 12, 2025
UK Inflation Slows Down in June on Falling Motor Fuel Prices
Business

UK Economy Shrinks by the Most Since 2023 as US Tariffs Hit

June 12, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP

Majority of the Participants Sees No Change in Policy Rate, Survey

June 12, 2025
IMF

IMF Projects Public Debt To Surpass Global GDP by End of This Decade.

June 12, 2025
UK Inflation Slows Down in June on Falling Motor Fuel Prices

UK Economy Shrinks by the Most Since 2023 as US Tariffs Hit

June 12, 2025
APTMA Urged Implementation of 9 cents/kWh Power Tariffs for Industrial Consumers

APTMA Calls For 18% Sales Tax on All Imported Yarn and Fabrics Under EFS

June 12, 2025
SBP

SBP to Hold MPC Meeting on June 16th

June 12, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Majority of the Participants Sees No Change in Policy Rate, Survey
  • IMF Projects Public Debt To Surpass Global GDP by End of This Decade.
  • UK Economy Shrinks by the Most Since 2023 as US Tariffs Hit

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP

Majority of the Participants Sees No Change in Policy Rate, Survey

June 12, 2025
IMF

IMF Projects Public Debt To Surpass Global GDP by End of This Decade.

June 12, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.