Karachi: Ibrahim Fibres Limited has announced a significant transaction involving its substantial shareholder, M/S Ibrahim Holdings (PVT.) Ltd., which has increased its stake in the company. According to a disclosure filed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, the transaction was executed on February 12, 2024.

The transaction details reveal that M/S Ibrahim Holdings, identified as a substantial shareholder and sponsor, acquired 106 shares at a rate of 350 per share in the ready market. Following this purchase, the cumulative shareholding of M/S Ibrahim Holdings in Ibrahim Fibres Limited increased to 285,038,607 shares, representing 91.80 percent of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), this purchase reflects the continuing interest and investment from the substantial shareholder in the company. The transaction utilized the Central Depository Company (CDC) form for the share certificates.

This disclosure is part of the company's compliance with PSX regulations, ensuring transparency in the dealings of its significant shareholders.