CCL Holding completes acquisition of 40.63% stake in Mitchell’s Fruit Farms

KARACHI — CCL Holding (Private) Limited, a subsidiary of CCL Pharmaceuticals, has acquired a 40.63% shareholding in Mitchell’s Fruit Farms Limited, according to a notice filed with the Pakistan Stock Exchange (PSX) on Wednesday.

The transaction, executed on October 15, 2025, followed a Share Purchase Agreement (SPA) signed on May 14, 2025, and amended on July 18, 2025. Under the agreement, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar sold 9,293,244 ordinary shares of Mitchell’s Fruit Farms to CCL Holding at a price of Rs. 180 per share, totaling Rs. 1.7 billion.

The deal, representing 40.63% of Mitchell’s issued and paid-up capital, was completed after obtaining all necessary regulatory approvals and meeting required conditions. The transaction was conducted via the Negotiated Deal Market (NDM) in compliance with PSX regulations.

Mitchell’s Fruit Farms, established in 1933 and listed on the stock exchange in 1996, manufactures and sells a range of products, including beverages, ketchups, sauces, preserves, and ready-to-eat food. CCL Holding, which is primarily involved in pharmaceutical manufacturing, now holds a significant stake in the company.