Ghani Glass Limited (KASE:GHGL) agreed to acquire an additional 25% stake in Ghani Global Glass Limited (KASE:GGGL) for PKR 450 million on January 11, 2017. Ghani Glass acquired 25 million shares of Ghani Global Glass at an offer per share of PKR 18. Ghani Glass financed the transaction through right subscription of PKR 1.01 billion. The shareholders of Ghani Glass unanimously passed the resolution for the transaction on January 11, 2017.

Ghani Glass Limited (KASE:GHGL) completed the acquisition of an additional 25% stake in Ghani Global Glass Limited (KASE:GGGL) on January 19, 2017.