LAHORE: The recent acquisition of the three bankrupt publicly-listed textile companies by private investors with the confirmed intention of merging their unlisted businesses into them underlines the consolidation of the trend of ‘reverse mergers’ in the country’s stock market. The recent bourse filings by the companies show that majority stake in Ravi Textiles has been acquired jointly by the owners …
Read More »Reverse mergers trend returns to Pakistan
April 24, 2021