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Karachi, In a recent disclosure, Mustapha A. Chinoy, a Non-Executive Director of International Industries Limited, has revealed multiple share purchases in the company. The transactions, which were executed on May 31, June 1, and June 2, demonstrate a significant increase in Chinoy’s stake in the company.
On May 31, Chinoy purchased 3,000 shares of International Industries Limited at a rate of 78.13 per share. The transaction was executed through the Central Depository Company (CDC) and the shares were in ready form.
The following day, on June 1, Chinoy made another substantial share purchase, buying 97,000 shares of the company at a rate of 78.06 per share. Once again, the transaction was facilitated through the CDC and the shares were in ready form.
Continuing his investment spree, Chinoy purchased an additional 50,000 shares of International Industries Limited on June 2. The shares were acquired at a rate of 78.13 per share and held in ready form through the CDC.
These transactions indicate a strong vote of confidence from Mustapha A. Chinoy, signaling his belief in the future prospects of International Industries Limited. As a Non-Executive Director, Chinoy’s increased stake showcases his commitment to the company’s growth and development.