Two share purchase agreements dated 30 October 2026 lock in Rs340 a share; the cement maker seeks 51% control plus a further 13.07%, subject to regulatory approvals.
Cherat Cement Company Ltd. agreed on 30 October 2026 to buy a controlling 51% stake in Nimir Industrial Chemicals Ltd.
The 51% stake covers 56.40 million shares at Rs340 each, worth about Rs19.2 billion.
A second agreement adds 14.46 million shares (13.07%), taking the combined buy to about 64.07% and over Rs24 billion.
Both companies disclosed the plans to the Pakistan Stock Exchange on Monday; completion needs regulatory approvals and other conditions.
Nimir makes industrial chemicals such as caustic soda used in textiles, soaps and detergents; sellers’ names and a completion date were not disclosed.