Zeeshan Mumtaz
KARACHI: Pakistan’s Engro Corporation Limited (ENGRO)’s board of directors has allowed one of its companies to pursue a potential investment opportunity in Pakistan’s tower infrastructure sector, the company’s stock filings on the stock exchange showed on Monday
The company said that the opportunity remained subject to certain conditions, including due diligence, finalization and the execution of definitive documents and the receipt of all regulatory consents and approvals.
At the time of writing, the company’s scrip is being traded at Rs. 265.74, up by Rs. 1.67 or 0.63% DoD.
Background of ENGRO Group of Companies
Since its founding in 1965, as a business that produced and sold fertilizer, ENGRO has evolved into Pakistan’s biggest diversified conglomerate, with Corporation serving as the holding company.
Over the past 50 years, the company has invested in a wide range of companies in the energy and related infrastructure, agricultural outputs, petrochemicals, and telecommunication infrastructure. The company is dedicated to using Pakistan’s resources to help resolve the country’s energy crisis and to bolster the agri-food industry by providing our farmers with the necessary equipment and skills.
