The National Bank of Pakistan (NBP) has officially announced the successful divestment of its entire shareholding in Agritech Limited (PSX: AGL), according to a notification issued today.
The divested holdings include:
- 106,014,632 ordinary shares
- 61,748,756 listed convertible non-voting redeemable cumulative preference shares
- 248,639,910 non-convertible redeemable cumulative preference shares with limited voting rights
This divestment follows the bank’s decision on October 10, 2024, where NBP’s board of directors approved the sale of its entire shareholding in Agritech Limited.
NBP confirmed that the transaction was executed in full compliance with all applicable legal and regulatory requirements.
This move aligns with NBP’s strategic goals and allows the bank to adjust its investment portfolio while adhering to its corporate governance commitments.
