Karachi: Ravi textile Mills Limited informed Karachi Stock Exchange that Mr. Ahsan Javed Sheikh acquires up to 21.289388% of voting shares of Ravi textile Mills Limited (the Target Company) pursuant to inter alia the provisions of the Securities Act, 2015 and the listed companies (substantial acquisition of voting shares and takeovers) Regulations, 2008 (the Regulations) (the public offer), and for which purpose AKD Securities Limited has been appointed as Manager to the offer (the Manager to the offer or the MTO).
Ravi Textile Mills limited is a manufacturer and exporter of yarn, fabrics and made-ups operating in Pakistan. Its registered office is located in Lahore. The products of the company include all sorts of grey, bleached, dyed and printed fabrics
The symbol “RAVT” is being used by the stock exchange for the shares of Ravi Textile Mills Limited.