Cherat Cement targets 30% stake in Nimir Industrial Chemicals
Mettis Global • • 1 min read
.png%3Fwidth%3D950%26height%3D450%26format%3DWebp&w=3840&q=75)
Cherat Cement Company has picked KTrade Securities as manager to an offer aimed at acquiring Nimir Industrial Chemicals shares, according to Mettis Global. The move comes through a notification sent to the Pakistan Stock Exchange on September 10, 2026. Under the plan, Cherat would buy at least 30 per cent of Nimir, which equals 33,177,164 shares currently held by the majority shareholders.
The step follows Cherat's board approval and is grounded in sections 96 and 131 of the 2015 securities law, together with clause 5.6.1 of the PSX Rule Book. Cherat is named as the acquirer under those provisions and under the 2017 regulations governing listed company takeovers. KTrade will handle the submission of the public announcement that sets out Cherat's plan to buy the stake.
At a glance
- Cherat Cement named KTrade Securities to manage its offer for Nimir shares.
- The planned purchase covers at least 30 per cent of Nimir, or 33,177,164 shares.
- The disclosure was made by notification to the PSX on September 10, 2026.
Stocks in this story
Originally reported by Mettis Global
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More on CHCC
Cherat Cement to acquire 13% stake in Nimir Industrial ChemicalsMettis• 3 Nov 2026Neutral coverage
CHCC targets up to 75pc stake in NICLBR• 3 Nov 2026Neutral coverage
Cherat Cement signs deal to acquire 64.07% stake in Nimir Industrial Chemicals for Rs 24 billionProfit• 2 Nov 2026Neutral coverage- Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billionBR• 2 Nov 2026Neutral coverage
Cherat Cement to acquire 64.07% stake in Nimir ChemicalMettis• 2 Nov 2026Neutral coverage- CHCC 1QFY27 profit rises 6%Mettis• 22 Oct 2026Positive coverage
