Lahore: In a recent transaction that underscores the confidence of substantial shareholders in Ibrahim Fibres Limited, Ibrahim Holdings (Pvt.) Ltd., a major sponsor of the company, has further increased its stake. The transaction, involving a strategic acquisition of shares, was executed on September 25, 2024, marking a significant financial movement within the company's stockholding structure.

This development was formally disclosed under the regulatory framework of the Pakistan Stock Exchange, specifically adhering to PSX Regulation 5.6.4, which governs the disclosure of interests by relevant persons holding company shares. According to information available from the Pakistan Stock Exchange (PSX), this latest transaction has seen Ibrahim Holdings (Pvt.) Ltd. purchasing an additional 1 share at a rate of Rs. 350 per share.

The transaction took place in the "Ready" market and was processed through the Central Depository Company (CDC). With this acquisition, Ibrahim Holdings’ cumulative shareholding in Ibrahim Fibres has now reached 284,952,118 shares, which constitutes 91.77% of the company's total shares.

This move by Ibrahim Holdings (Pvt.) Ltd. is a clear indicator of their ongoing commitment and bullish outlook towards Ibrahim Fibres Limited. It reflects a strategic approach to consolidate control and bolster confidence among other investors regarding the future trajectory of the company.