AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In a recent financial disclosure to the Pakistan Stock Exchange (PSE), Jahangir Siddiqui & Co. Limited announced a significant share acquisition by Mr. Jahangir Siddiqui, one of its key stakeholders. The transaction involved the purchase of 350,000 Class ‘A’ Preference Shares, increasing Mr. Siddiqui’s total holdings in the company to 75,398,661 shares as of April 2, 2024.
The details of the transaction, as mandated under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited, were also disclosed. The purchase was made at a price of Rs 7.49 per share on April 2, 2024. The shares were acquired through the Ready Market and are held electronically in the Central Depository Company (CDC). This move underscores a significant investment by Mr. Siddiqui in the company, further solidifying his stake.
Jahangir Siddiqui & Co. Ltd., with its registered office located at the 20th Floor, The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, Saddar, Karachi, is a major entity listed on the Pakistan Stock Exchange. The company’s contact is Muhammad Babar Din, serving as the Company Secretary, reachable at (92-21) 111 574 111. This disclosure aligns with the Securities Act, 2015, ensuring transparency and compliance with the regulatory framework governing financial transactions and shareholding disclosures in Pakistan.