Karachi: In a recent acquisition, Bolzano Associates (Private) Limited has announced the purchase of 1,069,870 voting shares in Image Pakistan Limited. The shares were acquired at a price of Rs. 25.60 each, bringing Bolzano Associates’ total holdings in the company to 23,273,260 shares. This acquisition increases their stake to 10.10% of the total issued voting shares of Image Pakistan Limited. Previously, Bolzano Associates held 22,203,390 shares.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition marks a significant move in Bolzano Associates’ investment strategy, further consolidating their position within the market. The company’s registered address is X-37, Block 6, PECHS, Karachi, and it was incorporated on December 3, 2024. The authorized share capital is reported at Rs. 1,000,000, with an issued share capital of Rs. 50,000.

The acquisition was officially communicated to the Manager Director of the Pakistan Stock Exchange, the Chief Executive of Image Pakistan Limited, and the Securities and Exchange Commission of Pakistan. The move is in compliance with Section 110 of the Securities Act, 2015, and was disclosed as part of the regulatory requirements. The acquisition date was noted as January 14, 2026.

Bolzano Associates, which operates within the securities market, has not disclosed any additional individuals or entities acting in concert with them for this acquisition. The company’s board of directors includes Mr. Ovais Shamim, Mr. Zubair Shamim, and Mr. Shoaib Shamim, who are significant figures in the firm’s leadership structure.