Karachi November 13 2024: Mitchells Fruit Farms Limited, the prominent jam brand in Pakistan, looking for strategic options to revive their business and even complete divestment of majority stake.
“Syeda Maimanat Mohsin and Syeda Matanat Ghaffar (“Shareholders”), holding in aggregate 40.63 percent of the issued share capital of the Company, are exploring various strategic options in relation to their investment in Company, including potential divestment of their entire stake in the Company (‘Strategic Review”)” states company in its filing to the Pakistan Stock Exchange.
In light of this, the Company will be preparing a data room to facilitate the Shareholders for purposes of any diligence exercise which may be required in the context of the Strategic Review. Any decision relating to the Strategic Review shall be subject to regulatory approvals as well as the execution of definitive agreements.
Mitchell’s Fruit Farms Limited was incorporated in Pakistan. It is principally engaged in the manufacture and sale of various farm and confectionery products
