Karachi January 23 2024: US backed Millville Opportunities Master Fund, LP have acquired on January 18, 2024, 2,135,367 or 0.92% voting shares of National Foods Limited.
Millville acquired shares at the rate of PKR 163.92/- per share. On account of this acquisition their total shareholding in National Foods increases to 25,436,890 shares, which represents 10.91 % of the total issued voting shares of National Foods against their previous holding in the company was 23,301,523 shares.
Millville acquired 10.91% of the company at price of PKR 113.5 per share.
Millville is a partnership established in Cayman Island and therefore its assets under management are worth $163 million. This company is sponsord by Miami based Alejandro Montealegre.
National Foods Limited was incorporated in Pakistan on 19 February 1970 as a private limited company under the Companies Act, 1913 and subsequently converted into a public limited company under the repealed Companies Ordinance, 1984 (now Companies Act, 2017). The Company is principally engaged in the manufacture and sale of convenience based food products. The ultimate parent entity of the Company is ATC Holdings (Private) Limited.
