Cherat Cement Signs Agreement to Acquire 13.07% Stake in Nimir Industrial Chemicals
Cherat Cement Company Limited has entered into a share purchase agreement with substantial shareholders of Nimir Industrial Chemicals Limited (NICL) for the acquisition of approximately 13.07% of the company’s issued and paid-up share capital.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX) on November 3, 2026, Nimir Industrial Chemicals confirmed that shareholders Nadeem Nisar and Shaheen Nadeem signed the agreement with Cherat Cement on October 30, 2026.
Under the agreement, a total of 14,457,000 ordinary shares will be sold at a price of Rs340 per share.
Details of the Share Transaction
The disclosed transaction involves the sale of shares by two substantial shareholders of Nimir Industrial Chemicals.
The shareholding breakdown is as follows:
| Shareholder | Shares to be Sold | Price Per Share |
|---|---|---|
| Nadeem Nisar | 5,945,250 | Rs340 |
| Shaheen Nadeem | 8,511,750 | Rs340 |
| Total | 14,457,000 | Rs340 |
Based on the disclosed price, the total transaction value amounts to approximately Rs4.91 billion.
Transaction Subject to Regulatory Approvals
Nimir Industrial Chemicals clarified that the proposed transaction is not yet complete. Its final execution remains subject to the terms and conditions outlined in the Share Purchase Agreement.
The completion process also depends on fulfilling applicable conditions precedent and obtaining the necessary regulatory approvals wherever required.
The company made the disclosure in accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book.
What Does This Mean for Investors?
The proposed acquisition represents a notable shareholding transaction involving two substantial shareholders of Nimir Industrial Chemicals and Cherat Cement.
Investors may closely monitor further announcements regarding regulatory approvals and the completion of the agreement. The transaction could also attract market attention because of its size and the involvement of a major corporate buyer.
However, the announcement does not confirm any change in management, operational control or future business strategy. Such developments should not be assumed until officially disclosed by the companies.
Conclusion
Cherat Cement’s agreement to purchase 14.457 million shares in Nimir Industrial Chemicals at Rs340 per share marks a significant corporate transaction in Pakistan’s listed-company market. Valued at approximately Rs4.91 billion, the deal covers 13.07% of Nimir Industrial Chemicals’ paid-up share capital.
The market will now be watching for further updates on regulatory approvals and the completion of the proposed transaction.
