Dawood Hercules Corporation (DAWH): Venturing into Digital Real Estate ‘Buy Maintained’ – By Topline Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Dawood Hercules Corporation (DAWH), parent company of Engro
Corporation (ENGRO), disclosed plans of Rs17.43bn equity investment for 45%
stake (1,743mn shares of Rs10) in eDotCo Pakistan Pvt. Ltd. (EPPL), a cell
tower sharing company (tower co). While edotco group of Malaysia, subsidiary of
Malaysian telecommunications conglomerate Axiata Group, will hold the remaining
55% along with management control.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On August 30, 2017, Tanzanite Tower (wholly owned subsidiary
of EPPL earlier acquired from Dubai-based Tower share Group) entered into an
agreement with Pakistan Mobile Communications (PMCL, brand name Jazz formerly
Mobilink) for purchase of Deodar Pvt., PMCL’s...
