Karachi: Intermarket Securities Limited has reported a significant development in the acquisition bid by JD Taurus (Private) Limited for a substantial share of Saudi Pak Consultancy Company Limited. According to the corrigendum to the Public Announcement of Intention, JD Taurus aims to acquire 15,835,403 ordinary shares, which equates to 35.06% of the company's issued and paid-up capital. This acquisition is governed under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The original announcement of this intention was made on May 15, 2026, with public disclosure following on May 16, 2026. The corrigendum, dated June 29, 2026, addresses amendments following observations by the Securities and Exchange Commission of Pakistan (SECP). These amendments do not affect the core terms and conditions stated in the original announcement.

According to information available from the Pakistan Stock Exchange (PSX), the corrigendum has been formally submitted and will be published in the Pakistan Observer and Daily Nai Baat on June 30, 2026. This publication aligns with the initial media outlets used for the original announcement, ensuring consistency and transparency in the dissemination of information regarding this acquisition process.