IGI Holdings Subsidiary Wants to Buy 40.6% Stake in Mitchell’s Fruit Farms

IGI Investments has informed its parent company IGI Holdings Limited (PSX: IGIHL) that it intends to buy a 40.63 percent stake in Mitchell’s Fruit Farms Limited (MFFL). The company’s Board of Directors accorded its in-principle approval, in its meeting held on December 11, 2024, to evaluate and conduct due diligence for a potential transaction for the purchase of upto 40.63 percent shareholding from two substantial shareholders Syeda Maimanat Mohsin and Syeda Matanat Ghaffar (Substantial Shareholders) of MFFL, the stock filing stated. The Proposed Transaction will be carried out subject to compliance with applicable laws including the Securities Act, 2015, and upon fulfillment of applicable corporate and regulatory approvals. IGI Investments (Private) Limited (IGI Investments) is a 100 percent wholly owned subsidiary of IGI Holdings Limited.