Cherat Cement to Acquire Minimum 30% Stake in Nimir Industrial Chemicals
Cherat Cement Company Limited (CHCC) announced plans to purchase at least 30% of Nimir Industrial Chemicals Limited (NICL), covering roughly 33.2 million shares, pending regulatory approval.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Cement sector gains strategic diversification and chemicals firm receives capital infusion – Buy bias on CHCC and NICL.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- CementPositively affected
Companies
Mentions in This Briefing
Sectors: Cement — Positive · Buy bias. PSX tickers: CHCC, NICL. Cement sector gains strategic diversification and chemicals firm receives capital infusion – Buy bias on CHCC and NICL.
Full Story
Open on ProPakistani## Transaction Overview
Cherat Cement Company Limited (PSX: CHCC) has disclosed its intention to acquire a minimum 30 percent stake in Nimir Industrial Chemicals Limited (PSX: NICL). The proposal, communicated through KTrade Securities Limited, targets approximately 33.177 million ordinary shares of NICL.
## Regulatory and Commercial Conditions
The deal will proceed only after obtaining the necessary regulatory clearances, finalizing commercial terms, completing due‑diligence, and signing the required agreements. If a public offer becomes mandatory, it will be conducted in line with Pakistan’s takeover regulations. The announcement may be withdrawn should approvals not be secured.
## Shareholder Structure and Financial Snapshot
NICL has a total of 110.59 million issued ordinary shares. Its largest shareholders are Zafar Mahmood (19.72%), Muhammad Yahya Khan (11.89%) and Khalid Mumtaz Qazi (11.53%). For FY‑2026, NICL reported net sales of Rs 48.291 billion, profit after tax of Rs 2.393 billion, total assets of Rs 35.996 billion and equity of Rs 11.534 billion.
## Cherat Cement Background
CHCC, part of the Ghulam Faruque Group, produces Ordinary Portland and composite cement under the Cherat and Cherat Khyber brands. Its Nowshera plant has a capacity of 4.5 million tonnes per year, serving both domestic markets and exports to Afghanistan.
## Nimir Industrial Chemicals Profile
Founded in 1994 as Ravi Alkalis Limited and listed on the PSX in 1996, NICL was renamed in 1998. The company manufactures oleochemicals and chlor‑alkali products such as soap noodles, stearic acid, glycerin, caustic soda and hydrochloric acid.
## Outlook
The acquisition aims to diversify CHCC’s product portfolio and provide NICL with additional capital for growth. Completion depends on regulatory and corporate approvals, with final terms to be determined later.