December 19, 2025 (MLN):  Bawany Air Products Limited (PSX:BAPL) has become the subject of a public offer following anby Mohabbat Khan and his associates and family members to acquire up to 2.146 million ordinary shares.

This represents 0.35% of the company’s issued share capital, at an offer price of Rs47.85 per share, under the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The public offer is conditional upon achieving a minimum acceptance level of 0.25%, equivalent to 1.502 million shares.

The aforementioned information was disseminated through a notification to PSX.

In parallel with the public offer, the acquirers are set to obtain 600 million ordinary shares, representing 98.76% of Bawany Air Products’ issued capital, at a par value of Rs10 per share, through an issuance otherwise than right.

According to the offer document, the acquirers intend to continue operating Bawany Air Products as a listed company and plan to expand its business operations to strengthen financial stability and enhance long-term growth.