Karachi September 17, 2021 : Trading in the shares of Ghani Automobile Industries Limited (GAIL) will be suspended w.e.f. Tuesday, September 21, 2021 for entitlement of shares of Ghani Value Glass Limited (GVGL) pursuant to amalgamation of Ghani Automobile Industries Limited with and into Ghani Value Glass Limited, as per information shared by Pakistan Stock Exchange.
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The Lahore High Court vide Order dated September 06, 2021 has sanctioned the Scheme of Arrangement for Amalgamation of Ghani Automobile Industries Limited with and into Ghani Value Glass Limited. Ghani Automobile Industries Limited vide letter dated September 16, 2021 has announced the final date of Book Closure as September 23, 2021 which has been notified through PUCARS on PSX website. In terms of the Scheme of Arrangement, the shareholders of Ghani Automobile Industries Limited will be allotted 1 share of Ghani Value Glass Limited against 7.8047 shares of Ghani Automobile Industries Limited.
On fulfillment of the requirements, Ghani Automobile Industries Limited will be delisted from the Exchange notice of which shall be issued separately.
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