Top bidders could hold consultations. A second round was then commenced.
It began with the base bid at Rs115bn, and the minimum increment was at Rs250 million. The base price was set on the basis of the highest bid made during the first round by Arif Habib.
Both bidders engaged in a brief competition to outbid each other during the round. However, when Lucky Cement raised its bid to Rs134bn, Arif Habib countered with Rs135bn, forcing Lucky Cement to bow out and congratulate Arif Habib.Following that, a 30-minute break was taken so that the two top bidders could hold consultations. A second round was then commenced.
It began with the base bid at Rs115bn, and the minimum increment was at Rs250 million. The base price was set on the basis of the highest bid made during the first round by Arif Habib.
Both bidders engaged in a brief competition to outbid each other during the round. However, when Lucky Cement raised its bid to Rs134bn, Arif Habib countered with Rs135bn, forcing Lucky Cement to bow out and congratulate Arif Habib.
