Pakistan’s largest 5-star hotel chain is officially splitting. The iconic Pearl-Continental (PC) Hotels, managed for over four decades by Sadruddin Hashwani and the Hashoo Group, is undergoing a massive transformation following a high-stakes corporate power struggle.
In this Nukta exclusive deep dive, we unpack the behind-the-scenes legal battle involving Pakistan Services Limited (PSL), AKD Group, Dawood Jan Muhammad, and Thatta Cement (THCCL).
From a PKR 3.6 billion financing agreement to a controversial share repurchase agreement and collateral shares, an Islamabad High Court (IHC) legal battle and its impact on the stock prices of the companies involved on the Pakistan Stock Exchange (PSX), discover how a 56% controlling stake changed hands and led to the ultimate restructuring of the Hashwani Empire.
Comments
See what people are discussing