Karachi: Jahangir Siddiqui has expanded his ownership in Jahangir Siddiqui and Co. Ltd by purchasing 63 million Class 'A' Preference Shares, as reported on July 05, 2024. This transaction has significantly increased his total holdings to 138.93 million shares in the company.

According to information available from the Pakistan Stock Exchange (PSX), the shares were bought at a price of Rs 8.00 per share through a Non-Discretionary Mandate (NDM). The purchase was completed on July 5, 2024, with the shares issued in electronic form and registered with the Central Depository Company (CDC).

This latest acquisition by Mr. Siddiqui is a strategic move, adjusting his stake and influence within the company. Such transactions are critical to understanding shifts in ownership and control within major companies listed on the PSX. The disclosure of this acquisition adheres to the requirements under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited.