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Nishat Chunian Limited is a Pakistani vertically integrated textile company which was founded in 1990.[1] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.[2]
 | |
| Company type | Public |
|---|---|
| PSX: NCL | |
| Industry | Textile |
| Founded | 1990 |
| Headquarters | Lahore, Pakistan |
| Parent | Nishat Group |
| Website | nishat |
History edit
Nishat Chunian was incorporated in 1990 as a spinning mill part of Nishat Group. It began commerical operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer.[1][3] The company was also listed on the Karachi Stock Exchange in 1991.[3]
In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million.[4]
In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment.[5]
Subsidiaries edit
Following are the two subsidiaries:
References edit
- ^ a b c Hussain, Dilawar (23 October 2017). "Nishat Chunian expands into power and cinema".
- ^ "One of Pakistan's largest textile companies, Nishat Chunian to partially suspend operations". DAWN.COM. December 28, 2022.
- ^ a b "Corporate finance in Pakistan : case studies from an emerging market". [Karachi] : Oxford University Press ; Lahore : Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
- ^ "Year of the yarn: Nishat Chunian acquires Taj Textile for Rs350 million". The Express Tribune. July 25, 2013.
- ^ Farooq, Mohammad (July 26, 2018). "Nishat Chunian sells 100 percent stake in NCEL". Profit by Pakistan Today.
- ^ Correspondent, Our Equities (January 9, 2013). "Nishat to set up subsidiary in US". DAWN.COM.
- ^ "Nishat Chunian to invest $1m in US". The Express Tribune. January 8, 2013.