🔍 Material News · NPL Nishat Power Limited has announced its participation in a consortium for the privatisation of FESCO, following the approval from its Board of Directors. The company has received the Request for Statement of Qualification from the Privatisation Commission and has designated Pakgen Limited as the Lead Consortium Member to manage the process.
- Nishat Power Limited is part of a consortium that includes Pakgen Limited, Lalpir Limited, Nishat Mills Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited.
- The consortium aims to participate in the divestment of FESCO through privatisation.
- The company has not yet assumed any binding obligations regarding the transaction, which is subject to pre-qualification and regulatory approvals.
- Nishat Power Limited will keep the Pakistan Stock Exchange informed of any material developments related to this transaction.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)