Thatta Cement Company Limited (TCCL) has taken a major step toward diversification. It has acquired a 28% stake in Pakistan Services Limited (PSL), which operates Pearl Continental Hotels across Pakistan. The deal is valued at Rs6.5 billion, with 9.1 million shares purchased at Rs710 per share. This move marks TCCL’s entry into the hospitality sector, […]
Thatta Cement Company Limited (TCCL)
Thatta Cement Strengthens Capital Base with Rs. 5.5 Billion Sukuk, expands into Pakistan’s Hospitality Sector by acquiring 28% share of Pakistan Services Limited (PSL)
Thatta Cement Company Limited (TCCL) has achieved a major milestone in its financial growth and diversification strategy with the successful completion of a PKR 5.5 billion Islamic Sukuk and a strategic acquisition in Pakistan’s hospitality sector by acquiring 28% share of Pakistan Services Limited which actorly runs The company has acquired 9,107,800 voting shares, representing […]