Calicom Industries (Pvt.) Limited agreed to acquire 67% stake in Dandot Cement Company Limited (KASE:DNCC) from Three Stars Cement Pvt Limited and other shareholders on October 31, 2018. Calicom Industries (Pvt.) Limited agreed to acquire 63.5 million shares. In a related transaction, Calicom Industries (Pvt.) Limited made an offer to acquire 16.5% stake in Dandot Cement Company Limited on October 31, 2018. The transaction is subject to entering into definitive agreement and approval from Securities and Exchange Commission of Pakistan. Pervez Ahmed Capital(Pvt.) Limited acted as manager to the offer for Calicom Industries (Pvt.) Limited.