Drekkar Kingsway limited (KASE:DKL) agreed to acquire 95.5% stake in Invest Forum (pvt) Ltd. for PKR 18 million on February 19, 2016. Invest Forum will become subsidiary of Drekkar Kingsway after the completion of the transaction. The deal would be funded using director's loan. The Board of Directors of Drekkar Kingsway approved the transaction. The transaction is subject to approval from shareholders of Drekkar Kingsway to be held on June 29, 2016. Drekkar Kingsway limited (KASE:DKL) cancelled the acquisition of 95.5% stake in Invest Forum (pvt) Ltd. on February 19, 2017.