AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Cordoba Logistics and Ventures Limited has officially reported that Mr. Arif Elahi, related to the CEO, acquired 150,000 shares of the company on 11th July 2024. This purchase, conducted through the regular market, represents 0.21% of the company’s total issued and paid-up capital.
The transaction has significant internal relevance as Mr. Arif Elahi is the father of Mr. Danish Elahi, the Director and CEO of Cordoba Logistics and Ventures. Mr. Danish Elahi currently holds a substantial 73.63% of the company’s shares. The disclosure, mandated under Section 96 of the Securities Act 2015 and Clause 5.6.1 of the PSX Regulations, aims to maintain transparency in transactions involving company insiders.
According to information available from the Pakistan Stock Exchange (PSX), the TRE Certificate Holders have been informed about this acquisition as required by the exchange’s regulations. This communication is part of the company’s commitment to uphold rigorous standards of transparency and regulatory compliance, ensuring that all material information is promptly and accurately disclosed to the public and its investors.