Karachi: Thatta Cement Company Limited has announced the acquisition of 9,107,800 voting shares in Pakistan Services Limited, a move that grants the company a 28% stake in Pakistan Services Limited. The acquisition was completed on October 13, 2025, with each share valued at Rs. 710.

The transaction comes as part of compliance with Section 110 of the Securities Act, 2015, Regulation 4(2) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeover) Regulations, 2017, and Regulation 5.6.5 of the PSX Rule Book. According to information available from the Pakistan Stock Exchange (PSX), the acquisition has increased Thatta Cement's total shareholding in Pakistan Services Limited significantly.

The details of the acquisition were communicated to relevant authorities including the Managing Director of the Pakistan Stock Exchange in Karachi, the Chief Executive of Pakistan Services Limited in Islamabad, and the Securities and Exchange Commission of Pakistan. The disclosure ensures compliance with regulatory requirements under the Securities Act.

Thatta Cement Company Limited, incorporated on March 29, 1980, operates out of Karachi and holds an authorized share capital of 1 billion shares, each valued at Rs. 2. The company's current issued share capital stands at 498.59 million shares. The Board of Directors maintains control over the company, with no representation on the board of directors of Pakistan Services Limited reported in connection with the acquisition.