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Karachi, Habib Sugar Mills Limited has successfully completed the buy-back of its own shares through the Pakistan Stock Exchange, as per the compliance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. The transaction involved the purchase of 478,500 shares on April 19, 2024, at an average price of 74.82 PKR per share.
This move aligns with the regulatory framework aimed at allowing companies to reacquire their shares, providing them with an opportunity to optimize their capital structure. The TRE Certificate Holders of the Exchange have been duly informed about this transaction.