Kohinoor Textile Mills Limited (KASE:KTML) agreed to acquire the remaining 17.08% stake in Maple Leaf Capital Limited from Taufique Sayeed Saigol, Tariq Sayeed Saigol, Shehla Tariq Saigol, and Waleed Tariq Saigol for approximately PKR 530 million on August 31, 2017. Under the terms, Kohinoor Textile Mills Limited will acquire 51.5 million shares at PKR 10.24 per share, increasing its shareholding from 82.92% to 100% in Maple Leaf Capital Limited. Taufique Sayeed Saigol, Tariq Sayeed Saigol, Shehla Tariq Saigol, and Waleed Tariq Saigol will sell 8.38%, 5.03%, 3.32%, and 0.37% stake in Maple Leaf Capital Limited, respectively. The consideration will be paid in cash using surplus funds. As at June 30, 2017, Maple Leaf Capital Limited had total equity of PKR 4.52 billion. The transaction is subject to approval of the shareholders of Kohinoor Textile Mills Limited and was approved by its Board on August 31, 2017. The shareholders' meeting will be held on September 26, 2017. HLB Ijaz Tabassum & Co., Chartered Accountants acted as a valuer in the transaction.