Karachi, In a recent disclosure that has sent ripples through the financial landscape, Khawar Maqbool, a prominent figure identified as a substantial shareholder of Crescent Fibres Limited, has executed an intriguing share transaction. On August 16, 2023, Mr. Maqbool made a striking move by gifting out a significant number of shares to the company, shaking up the market dynamics.
The transaction involved a total of 600,000 shares, with a rather unusual twist – the shares were transferred at a rate of 0.00. This unexpected value has led to speculation about the underlying motives of the move. The shares were held in the Central Depository Company (CDC), reflecting the modern digital landscape of share ownership.