Nishat Mills to Exit Dairy JV, Sell Entire Stake to Turkish Partner

Nishat Mills Limited’s Board has approved the proposed divestment of the company’s entire 49.1% shareholding in Nishat Sütas Dairy Limited (NSDL), its joint venture with Türkiye-based dairy company Sütaş Süt Ürünleri A.Ş.

The stake will be sold to Sütaş at Rs5 per share, subject to shareholder approval and completion of all required legal and regulatory formalities.

Sütaş, which currently operates the joint venture alongside Nishat Mills, has expressed its intention to acquire the stake and continue operating NSDL. The transaction is expected to support continued foreign investor participation in Pakistan’s dairy sector.