Karachi: International Brands (Private) Limited, a substantial shareholder in The Searle Company Limited, has executed a series of share transactions, increasing its stake in the company. This disclosure comes as part of the regular compliance under the Pakistan Stock Exchange's regulation 5.6.1, covering shareholding interests by relevant persons.
On September 28, 2026, International Brands (Private) Limited engaged in multiple transactions, purchasing a total of 347,000 shares. These transactions were conducted in the ready market with varying rates per share, reflecting strategic acquisitions on a single day.
The transactions included the purchase of 192,500 shares at a rate of 82.00 per share, followed by smaller acquisitions of 22,299 shares at 81.49 per share, and 55,425 shares at an undisclosed rate, contributing to the cumulative shareholding. Additional transactions were made for 42,075 shares, 52,451 shares, and 220,250 shares at 81.15, 81.00, and 81.50 per share, respectively. Furthermore, smaller acquisitions of 2,500 shares at 81.90 per share, 10,000 shares at an undisclosed rate, and another 2,500 shares at 81.14 per share were documented.
According to information available from the Pakistan Stock Exchange (PSX), these transactions have collectively resulted in an increase in International Brands (Private) Limited's cumulative shareholding to 294.90 million shares, representing a 50.13% stake in The Searle Company Limited. This indicates a big move in the shareholder's position.
The designated market category for these transactions is the ready market, emphasizing the immediate nature of the share acquisitions. The disclosure underscores the continued interest and investment strategy of International Brands (Private) Limited in The Searle Company Limited, reflecting their substantial shareholder role within the company.