Karachi: Jahangir Siddiqui and Co. Ltd. has significantly increased its shareholding in Class 'A' Preference Shares, according to a recent disclosure to the Pakistan Stock Exchange as of October 10, 2024. The company has acquired an additional 7,189 shares at a price of Rs 7.47 per share, bringing Mr. Jahangir Siddiqui's cumulative shareholding to 140,298,532 shares, representing 76.59% of the total issued shares.

This transaction, conducted through the ready market, was executed electronically in the Central Depository Company (CDC). The company's strategic acquisition aligns with its broader investment objectives and strengthens Mr. Siddiqui’s influence within the company.

According to information available from the Pakistan Stock Exchange (PSX), the details of this transaction are meticulously recorded under clause 5.6.4 of the PSX Rule Book and the Securities Act, 2015. This disclosure ensures compliance with market regulations that mandate transparency in transactions involving company insiders during designated periods.

This acquisition reflects a focused approach by Jahangir Siddiqui and Co. Ltd. to consolidate control and bolster strategic decision-making capacity within the company’s leadership structure.