Karachi: The Central Depository Company (CDC) has announced that the Letter of Rights for 786 Investments Limited will be classified as Central Depository System (CDS) eligible securities. This designation will take effect on December 11, 2025, according to the formal notice issued by the CDC on December 10, 2025. This follows CDC's assessment and declaration in response to a notice under Regulation 8AA.1.1 from the Central Depository Company of Pakistan Limited Regulations.
The CDC's decision pertains to the offer of new securities by 786 Investments Limited through a rights issue, which grants Right Entitlements to holders of existing ordinary shares. These Right Entitlements will now be recognized as eligible securities within the CDS framework. This move requires 786 Investments Limited to comply with the necessary regulations and procedures established by the CDC.
According to information available from the Pakistan Stock Exchange (PSX), the inclusion of 786 Investments Limited's Letter of Rights as CDS eligible security forms part of broader regulatory compliance and market operations.
The CDC has requested that 786 Investments Limited ensure all requisite arrangements are in place for the integration of these Rights Entitlements into the CDS. This move aims to facilitate a streamlined process for securities management and distribution.