AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Cordoba Logistics and Ventures Limited disclosed a significant insider transaction on July 12, 2024, involving Mr. Arif Elahi, who purchased 34,431 shares from the regular market, representing 0.05% of the company’s total issued and paid-up capital.
This acquisition was announced in compliance with Section 96 of the Securities Act, 2015, combined with Clause 5.6.1 of the PSX Regulations. The shares purchased by Mr. Elahi, who is closely related to Mr. Danish Elahi—the Director and CEO of Cordoba Logistics and Ventures Limited—constitute a minor but notable percentage of the company’s capital. Mr. Danish Elahi currently holds a substantial 73.63% of the company’s shares.
According to information available from the Pakistan Stock Exchange (PSX), this disclosure is part of the regulatory requirements that aim to ensure transparency in transactions involving insiders, especially those with significant control or influence within the company. Such disclosures are critical for maintaining investor trust and market integrity by providing a clear view of the movements and interests of key company stakeholders.
The exchange has been informed, as per regulatory guidelines, to ensure that all certificate holders are aware of these changes within the company’s ownership structure.