Saritow Spinning Mills Limited (KASE:SSML) agreed to acquire Kohinoor Power Company Limited (KASE:KOHP) on October 6, 2018. Post completion, Kohinoor Power Company Limited will be merged into Saritow Spinning Mills Limited. Transaction is subject to Board approval of Saritow Spinning Mills Limited and Kohinoor Power Company Limited, fulfillment of legal requirements and Lahore High Court approval.

Board of Saritow Spinning Mills Limited and Kohinoor Power Company Limited has given in principle approval for the transaction.