Cherat Cement agrees to acquire a majority stake in Nimir Industrial Chemicals for Rs24b.

danioPSX · 2 November 2026 at 10:35 PKT · based on a report by Business Recorder

Cherat Cement disclosed its plan to acquire a majority stake in Nimir Industrial Chemicals through an exchange filing on Monday, involving a transaction of over Rs24 billion.

Possible impact on PSX shares

NICL Nimir Industrial Chemicals Limited▲ Could be positive
Nimir Industrial Chemicals could see positive sentiment as the majority stake acquisition agreement at a significant valuation drives market interest.
Price when this was written: Rs 283.00 · Live price, chart and results
CHCC Cherat Cement Company Limited◆ Mixed
Cherat Cement may experience mixed reactions as investors weigh the strategic expansion against the large financial commitment required for the transaction.
Price when this was written: Rs 267.40 · Live price, chart and results

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Business Recorder: Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billion

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Education only, not investment advice. The likely direction is a reading of the news, not a forecast; prices can move the other way.

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