Nishat Shareholders Approve Rs. 2.05 Billion Dairy Sale to Turkish Partner

Shareholders of Nishat Mills Limited have approved the sale of the company's entire stake in dairy firm Nishat Sutas Dairy Limited to a Turkish firm for Rs. 2.05 billion. The decision was made at an Extraordinary General Meeting on September 23, 2026, with a special resolution passed by shareholders. The approved transaction involves the sale of approximately 49.10 percent of NSDL's shares, totaling 409,673,410 ordinary shares.

These shares will be sold to Sutas Sut Urunleri A.S., a Turkish company, at a price of Rs. 5 per share. The transaction's total value is estimated at Rs. 2,048,367,050, or roughly Rs. 2.05 billion. Nishat Mills' CEO and Company Secretary have been authorized to complete the necessary steps, including the execution of the share sale and purchase agreement and associated transfer documents. This decision was reported by ProPakistani on the day it occurred.