Latest news with #CCLHolding(Private)Limited
Business Recorder
5 days ago
- Business
- Business Recorder
Babar Ali Foundation, IGI Investments exit Mitchells Fruit Farms with stake sale
Key stakeholders of Mitchells Fruit Farms Limited (MFFL), including the Babar Ali Foundation—founded by the company's Chairman, Syed Babar Ali—and IGI Investments (Private) Limited, have divested their entire shareholding in MFFL to CCL Holding (Private) Limited. IGI Holdings, the parent company of IGI Investments, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. 'We have received intimation dated July 23, 2025 from a substantial shareholder of the company i.e. Babar Ali Foundation that the foundation and members of its board of governors have sold their respective shareholdings of 2.43% and 0.70% in Mitchells Fruit Farms Limited (Mitchells) to CCL Holding (Private) Limited at a negotiated price of Rs232.75/share on July 23, 2025,' read the notice. Similarly, IGI Investments has also sold its entire shareholdings of 3.72% in Mitchells to CCL Holding (Private) Limited at a negotiated price of Rs232.75/share on July 23, 2025, under applicable corporate and regulatory approvals, it added. CCL Holding is a holding company of a wholly-owned subsidiary, CCL Pharmaceuticals (Pvt) Limited, which is principally engaged in the manufacturing and marketing of branded generic pharmaceuticals and consumer health products. Meanwhile, Mitchell's Fruit Farms Limited, a Pakistani manufacturer of farm and confectionery products, has a history that dates back to 1933. After Independence, the company's name was changed from Indian Mildura Fruit Farms to Mitchells Fruit Farms Limited. The company went public in 1993 and was listed on the stock exchange in 1996. The principal activity of the company is the manufacturing and sales of various farm and confectionary products, including beverages, ketchups and sauces, preserves, ready-to-cook and ready-to-eat food range, etc. Earlier in May, MFFL entered into a Share Purchase Agreement with CCL Holding (Private) Limited.
Business Recorder
30-06-2025
- Business
- Business Recorder
CCP clears 40.63% share acquisition of Mitchell's Fruit Farms by CCL Holding
The Competition Commission of Pakistan (CCP) has approved the acquisition of a 40.63% shareholding of Mitchell's Fruit Farms Limited by CCL Holding (Private) Limited from Ms Syeda Maimanat Mohsin and Ms Syeda Matanat Ghaffar under a Share Purchase Agreement, following a comprehensive competition assessment, according to a CCP statement on Monday. The CCP said it had identified the relevant product market as 'jam, jellies and marmalades', 'sauces and kitchen condiments, 'sugar confectionery', and 'one-step preparation drinks'. 'The deal is a conglomerate merger with no horizontal or vertical overlaps between the acquirer and the target. 'The commission concluded that the transaction will not result in dominance or lessening of competition in the relevant market,' the statement read. CCP grants exemptions to logistics and transport sector M/s CCL Holding (Private) Limited formerly known as M/s DHS Pharma (Private) Limited is a private limited company. It is a holding company and does not engage itself in commercial trading or manufacturing activities. However, its group of companies are primarily engaged in healthcare and pharmaceutical sector, including manufacturing and distribution of pharmaceutical products, according to the CCP. M/s. Mitchell's Fruit Farms Limited is registered as public limited and a listed company, engaged in the manufacturing and sale of various confectionery and grocery items.
