Bawany Air Product Limited informed Pakistan Stock Exchange that Mr. M. Hanif Y. Bawany that he on behalf of major shareholders of the Company has entered into an agreement dated April 07, 2020 for sale of 3,826,280 ordinary shares of Rs. 10/- each representing 51% of the issued and paid up capital of the Company with Fossil Energy (Private) Limited.

The announcement is available at:

https://dps.psx.com.pk/download/document/145553.pdf

Bawany Air Products Limited is a public limited Company incorporated in Pakistan on August 16, 1978. The Company is currently listed on Pakistan Stock Exchange. The principal activities of the Company are production and trading of oxygen gas, dissolved acetylene and nitrogen gas. The manufacturing facilities are located at Hub Industrial Estate, Tehsil Hub in the province of Balochistan. The registered office of the Company is situated at Khasra No. 52/53 R.C.D. Highway, Mouza Pathara, Tehsil Hub, Lasbella District, Balochistan.

The symbol "BAPL" is being used by the stock exchange for Bawany Air Products Limited.

© Pakistan Press International, source Asianet-Pakistan