KARACHI: Trading in the shares of Treet Battery Ltd will begin on Friday (today) after the bifurcation of the battery division of First Treet Manufacturing Modaraba (FTMM) through a court-sanctioned scheme of arrangement.

According to the swap ratio in the scheme, certificate holders of FTMM have been allotted 0.99 shares of Treet Battery Ltd against each certificate that they held in the Modaraba.

The company will be listed on the main board of the Pakistan Stock Exchange (PSX) with the security symbol of TBL. The opening price of share will be Rs10 apiece.

Published in Dawn, December 15th, 2023