Nishat Chunian Power Limited (NCPL)

Nishat Chunian Power Limited announced that its Board of Directors approved participation in a consortium for the privatization and divestment of FESCO. The company has designated Pakgen Limited as the Lead Consortium Member to act on its behalf during the process, though no binding obligations have been assumed yet.

Nishat Chunian Power Limited (NCPL) and its associated entities have acquired a 73.97% controlling stake in Rafhan Maize Products Company Limited (RMPL) through a series of share purchase agreements and a public offer. The acquisition involved purchasing shares from Ingredion Incorporated USA, various Monnoo family members, and public shareholders at a price of PKR 9,800 per share.

Nishat Chunian Power Limited has successfully credited the 15% interim cash dividend (Rs. 1.50 per share) for the period ended March 31, 2026, to the bank accounts of eligible shareholders as of May 19, 2026. Shareholders who have not yet provided valid CNIC or IBAN details are advised to contact the company's share registrar to receive their payment.