Engro Corporation Limited Cancels 39.5 Million Shares Purchased During Buy-Back, Reducing Paid-Up Capital to PKR 5.37 Billion

Karachi, In a recent development, Engro Corporation Limited has cancelled 39,536,762 ordinary shares purchased during the buy-back process. The cancellation was carried out in accordance with Regulation I0(d) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. This move has resulted in a reduction of the company’s paid-up capital, which now stands at PKR 5,366,264,680, with a total of 536,626,468 ordinary shares valued at PKR 10 each. The decision is expected to have significant implications for the corporation’s financial structure and shareholder composition.

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