AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Arif Elahi has acquired 34,431 shares of Cordoba Logistics and Ventures Limited, representing 0.05% of the company’s total issued and paid up capital, as disclosed by the company on July 12, 2024. The transaction occurred through regular market processes.
The shares were purchased in accordance with the requirements of Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), this acquisition further intertwines the ownership dynamics within the company’s leadership, as Mr. Elahi is closely related to Mr. Danish Elahi, the Director/CEO of the company. Mr. Danish Elahi currently holds 73.63% of the company’s shares.
The company has communicated this transaction to the certificate holders of the exchange, ensuring compliance with regulatory requirements and transparency in its corporate governance practices.