Shareholders of Nishat Mills Limited have approved the sale of the company’s entire shareholding in Nishat Sutas Dairy Limited (NSDL) to Türkiye based Sutas Sut Urunleri A.S. for Rs. 2.05 billion.
The approval was granted through a special resolution passed at Nishat Mills’ Extraordinary General Meeting held on September 23, 2026. The certified resolution was subsequently filed with the Pakistan Stock Exchange.
Under the approved transaction, Nishat Mills will sell 409,673,410 ordinary shares in NSDL, representing approximately 49.10 percent of the dairy company’s total issued and paid up share capital.
The shares will be sold to Sutas Sut Urunleri A.S., a company incorporated in the Republic of Türkiye, at Rs. 5 per share. The transaction carries a total consideration of Rs. 2,048,367,050, or approximately Rs. 2.05 billion.
The resolution authorizes Nishat Mills’ Chief Executive Officer and Company Secretary to take all necessary steps to complete the transaction, including executing the share sale and purchase agreement and related transfer documents.
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