Thatta Cement Company Limited has successfully acquired 12,500,000 shares of Thatta Power (Pvt) Ltd, representing a 26.09% ownership stake in the company, according to a filing to the Pakistan Stock Exchange on Tuesday.Â
As a result, the total shareholding of Thatta Cement in Thatta Power has increased to 88.52%.
The acquisition reflects Thatta Cement’s strategic move to enhance its investment in its associated company, Thatta Power (Pvt) Ltd, and further strengthen its presence in the energy sector.Â
