Chief Executive Officer Muhammad Najam Ali, Non-Executive Directors Hanna Khan and Muhammad Zulqarnain Mahmood Khan, of Next Capital Limited and Nasir Mahmud Khan made an offer to acquire 51% stake in Next Capital Limited (KASE:NEXT) on January 26, 2017. The transaction is subject to obtain approval from Competition Commission of Pakistan, an agreement and other binding legal documents being concluded on terms satisfactory to all relevant parties. As of July 7, 2017, offerer made a request for further extension of 90 days. As of July 26, 2017, competent authority has granted the extension of 90 days for public announcement now made till October 22, 2017. Muzammil Aslam and Shahid Kamal of Invest & Finance Securities Limited acted as manager to the offer for purchasers.