Calicom Industries (Pvt.) Limited made an offer to acquire 16.5% stake in Dandot Cement Company Limited (KASE:DNCC) from the shareholders for approximately PKR 200 million on November 29, 2018. The offer is for 15.65 million shares of Dandot Cement Company for PKR 12.59 per share in cash. In a related transaction, Calicom Industries entered into a sale purchase agreement to acquire 67% stake in Dandot Cement Company. Calicom Industries shall fund the transaction through a bank guarantee of PKR 200 million. The offer period shall be from January 21, 2019 to January 27, 2019. Pervez Ahmed Capital (Pvt.) Limited acted as manager to the offer for Calicom Industries. Calicom Industries (Pvt.) Limited cancelled the acquisition of 16.5% stake in Dandot Cement Company Limited (KASE:DNCC) from the shareholders on November 29, 2019.