Muhammad Shafique and Muhammad Ahmad Raza offered to acquire 18.5% stake in Ravi Textile Mills Limited (KASE:RAVT) for PKR 8.81 million on December 21, 2020. Under the terms of the transaction, Muhammad Shafique and Muhammad Ahmad Raza offered to acquire 4.63 million shares at a price of PKR 1.905 per share. Muhammad Shafique and Muhammad Ahmad Raza have offered a bank guarantee of PKR 8.83 million.