Karachi: ATC Holdings (Private) Limited, a substantial shareholder in National Foods Limited, has increased its stake in the company through a significant share acquisition, according to recent disclosures. On February 12, 2025, ATC Holdings executed a purchase of 1.50 million shares at a rate of Rs. 191.00 per share. The transaction was conducted in the Non-Deliverable Market (NDM) and involved shares held in the Central Depository Company (CDC) form.

This acquisition boosts ATC Holdings” total shareholding in National Foods Limited to 145.68 million shares, representing 62.49% of the total issued voting shares of the company. Prior to this transaction, ATC Holdings held 144.18 million shares. The updated shareholding underscores ATC Holdings” position as a leading stakeholder in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transaction details have been provided to ensure compliance with PSX regulations, specifically under clause No. 5.6.4, which mandates disclosure of substantial shareholder transactions. The information will also be reviewed in an upcoming board meeting to address any potential non-compliance issues.

Furthermore, in accordance with the Securities Act, 2015, ATC Holdings has ensured that the holding period for this transaction exceeds six months. Should the holding period be within six months, ATC Holdings has committed to depositing any equivalent profit with the Securities and Exchange Commission of Pakistan (SECP), as required under section 105 of the Act.

This strategic acquisition aligns with ATC Holdings” ongoing investment strategy, further consolidating its influence and control over National Foods Limited, a key player in the FMCG sector.