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Karachi, Sitara Developers (Private) Limited, an associated company of Sitara Chemical Industries Limited, has disclosed a significant acquisition of shares in Sitara Chemical Industries. A total of 1,2800 shares of Sitara Chemical Industries Limited were purchased by Sitara Developers on August 31, 2023, through the Pakistan Stock Exchange Limited (PSX) at a rate of Rs. 234.81 per share.
This transaction has been executed in accordance with the regulations set forth in the Pakistan Stock Exchange Limited Rule Book, specifically under PSX Rule No. 5.6.1(d), which mandates the dissemination of material information to the exchange and the investing public.
The acquisition of shares by Sitara Developers underscores its confidence and interest in Sitara Chemical Industries, highlighting its potential and value in the market. Such transactions can provide insights into the strategic activities and financial health of both companies involved.
This development will be closely watched by investors and stakeholders of both Sitara Chemical Industries Limited and Sitara Developers (Private) Limited as it reflects their commitment to maximizing opportunities and creating value within the corporate group.
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