Stock Market

ANL finalized & approved the sale of lands related to the FPR unit worth Rs. 825Mn

In a latest notification to PSX, Azgard Nine Limited (ANL),has announced that the Agent Banks of Creditors have finalized and approved the sale of lands related to the FPR unit including all plant, equipment and installments thereon at a price of PKR 825 million.

The company, on the demand of Agent Banks of Creditors, has therefore executed sale agreement/deeds for its FPR unit on December 29, 2020.

However, the sale of said FPR unit will not affect the business/ production of the company as it has arranged sufficient production facilities to cater to its business requirements.

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