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Lahore: International Industries Limited has disclosed a significant share transaction involving Kamal A. Chinoy, a Non-Executive Director of the company. According to the details released on September 20, 2024, Mr. Chinoy purchased 3,744 shares at a rate of 158.00 per share on September 18, 2024.
According to information available from the Pakistan Stock Exchange (PSX), this purchase increases Mr. Chinoy’s total holdings in the company to 12,743,974 shares, representing a 9.66% ownership stake. The transaction was conducted in accordance with PSX Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.
The disclosure underscores the ongoing financial activities among the company’s top executives and substantial shareholders, reflecting their continued investment and confidence in the company’s prospects. International Industries Limited ensures compliance with all regulatory requirements and keeps the market informed about significant financial dealings of its board members and executives.
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