Might 02, 2025 (MLN): First Nationwide Equities Restricted (PSX: FNEL) has secured a authorized victory because the Honorable Excessive Courtroom dismissed a petition filed by the Securities and Change Fee of Pakistan (SECP) regarding share repurchase obligations.

The petition, initially filed by SECP in January 2016 underneath Firms Jurisdiction, sought a court docket directive compelling FNEL to repurchase shares from minority shareholders.

Nevertheless, after reviewing the corporate's submissions and supporting documentation, the court docket dominated the petition as infructuous and formally dismissed the case on April 29, 2025.

The choice brings closure to a authorized matter that has spanned almost a decade, offering readability for FNEL and its shareholders.

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Posted on: 2025-05-02T16:13:59+05:00

The publish FNEL wins authorized battle in opposition to SECP over share repurchase appeared first on Mettis International Hyperlink.

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