Karachi, Syed Babar Ali, a Non-Executive Director of IGI Holdings Limited, reported a notable transaction on July 24, 2023. According to the details provided, Mr. Ali received a gift of 3,864,073 shares from an undisclosed source. The nature of the transaction was marked as “GIFT OUT,” and the shares were received in electronic form through the Central Depository Company (CDC).

The reported transaction took place at a rate of 0.00 per share, implying that the shares were acquired without monetary consideration. However, the exact identity of the gift giver remains undisclosed.