Karachi May 3 2025: US based Ingredion has received several non binding offers for sale of part of Ingredion equity stake in Rafhan Maize Products, states company in its filling at Pakistan Stock Exchange.
“Ingredion Incorporated has notified that they have received several non-binding offers relating to the potential sale of part of Ingredion’s equity stake in Rafhan Maize Products Company Limited, which they are evaluating” states Rafhan Maize in its notification.
“Any decision relating to the potential sale transaction or process relating thereto shall be subject to compliance with all applicable laws, internal and regulatory approvals necessary and execution of definitive agreements” the notification added.
Rafhan Maize Products Company Limited was incorporated in Pakistan. Ingredion Incorporated Chicago. U.S.A., holds majority shares of the Company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals.
