KARACHI, PAKISTAN: The Board of Directors of Cordoba Logistics & Ventures Limited (Formerly Mian Textile Industries Limited) has approved investment of Rs 65.00 million in Children Clothing Retail (Private) Limited (CC Retail) by purchasing its 50.0002% stake comprising 650,002 ordinary shares.
CC Retail will become a subsidiary of Cordoba Logistics & Ventures on transfer of above shares, while Cordoba Logistics & Ventures will be entitled to two board seats of CC Retail.
CC Retail is Pakistan’s premier children fashion destination for newborn to twelve years old. From fancy fashion designers to famous global brands, CC Retail offers parents a unique alternative to the mainstream kids’ brands in the current Pakistani retail landscape.
They showcase a wide variety of brands sourced from all over the world. They have specially curated collection of children’s clothing, bedding, travel essentials, toiletries, maternity solutions and many more.
Cordoba also approved acquisition of 100% shareholding comprising 6,000 ordinary shares of INF19 Ventures, a company incorporated with the objective of conducting IT based business and have not yet started operations.
The company has also initiated negotiations for procurement of buses worth Rs300 million from authorized dealers and to negotiate terms and conditions with transporters)/companies for rental of these buses along with arrangements of requisite funds.