Islamabad: A recent filing with the Pakistan Stock Exchange (PSX) disclosed that M/s. Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of Ibrahim Fibres Limited, has purchased additional shares in the company. According to the details provided, this transaction occurred on September 30, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the transaction involved the purchase of 350 shares at a rate of 2 PKR per share in the Ready Market. This latest acquisition has increased the total shareholding of Ibrahim Holdings in Ibrahim Fibres Limited to approximately 284.95 million shares, which represents a commanding 91.77% of the company.

The Ready Market is typically used for transactions that are to be settled immediately or within a short timeframe, indicating a strategic and possibly urgent augmentation of Ibrahim Holdings' stake in the fibre manufacturing entity. The cumulative shareholding now nearing a complete majority highlights significant control and consolidation by the parent entity over its subsidiary.