Nishat Mills secures approval to sell 49% Nishat Sutas Dairy stake for Rs2bn

Nishat Mills has received shareholder backing to sell its full holding in Nishat Sutas Dairy Limited, according to Mettis Global. The vote took place at a general meeting of members on 23 September 2026 in Lahore. The buyer is Sütaş Süt Ürünleri A.Ş., a Turkish company.

Under the approved resolution, the company will transfer 409,673,410 ordinary shares, equal to about 49.10 per cent of the dairy firm's paid-up capital, at Rs5 per share. The total consideration comes to Rs2.048 billion. Completion is conditional on obtaining all requisite regulatory approvals.

Shareholders also empowered the chief executive or the company secretary, acting alone or together, to sign the sale agreement and transfer papers. Their remit includes filings with the registrar of companies and the Securities and Exchange Commission of Pakistan. The company informed the exchange through a formal notification.