Sunridge Foods (Private) Limited made an offer to purchase Uni-Food Industries Limited from Habib Sugar Mills Limited (KASE:HABSM), Faran Sugar Mills Limited (KASE:FRSM) and Mehran Sugar Mills Limited (KASE:MRNS) for total value of transaction PKR 1.2 billion including bank and other liabilities on June 6, 2022. Prior to transaction, Habib Sugar Mills Limited, Faran Sugar Mills Limited and Mehran Sugar Mills Limited own a 41%, 35% and 24% stake in Uni-Food, respectively. Upon completion, Sunridge Foods will own a 100% stake in Uni-Food. The proposed transaction is subject to the execution of a definitive agreement and compliance with all applicable statutory and legal requirements. On June 29, 2022, shareholders of Mehran Sugar Mills Limited approved the deal.

Sunridge Foods (Private) Limited completed the acquisition of Uni-Food Industries Limited from Habib Sugar Mills Limited (KASE:HABSM), Faran Sugar Mills Limited (KASE:FRSM) and Mehran Sugar Mills Limited (KASE:MRNS) for total value of transaction PKR 1.2 billion including bank and other liabilities on January 24, 2023.