AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Jahangir Siddiqui has increased his ownership stake in Jahangir Siddiqui and Co. Ltd. through the recent acquisition of additional Class ‘A’ Preference Shares, strengthening his position within the company’s structure.
The recent transactions, recorded on July 26 and August 1, 2024, saw Siddiqui acquire a total of 26,900 shares from the ready market, with transactions facilitated through the Central Depository Company (CDC). According to information available from the Pakistan Stock Exchange (PSX), these purchases included 25,000 shares bought at a price of PKR 7.75 each on July 26, and an additional 1,900 shares at PKR 7.78 each on August 1.
This series of acquisitions has pushed Mr. Siddiqui’s total shareholding to 138.96 million Class ‘A’ Preference Shares. Such movements are critical in understanding shifts within the company’s ownership and could signal changes in the strategic direction of the business. The transactions are duly documented and comply with the disclosure requirements under clause 5.6.4 of the PSX Rule Book, emphasizing transparency and regulatory adherence.
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