LAHORE: In a recent transaction, Ibrahim Holdings (Pvt.) Ltd., a substantial shareholder and sponsor of Ibrahim Fibres Limited, has increased its stake in the company. The transaction involved the purchase of 4,027 shares at a rate of 350 PKR per share on October 3, 2024.

The purchase has significantly raised Ibrahim Holdings' total shareholding in Ibrahim Fibres to 284.98 million shares, now constituting 91.78% of the company's total issued shares. According to information available from the Pakistan Stock Exchange (PSX), the transaction was conducted via the Central Depository Company (CDC) under the ready market category.

This strategic acquisition underscores Ibrahim Holdings' continued commitment to maintaining a dominant stake in Ibrahim Fibres, reinforcing its position as a key player in the industry. The transaction is part of ongoing investments by substantial shareholders, reflecting confidence in the company’s performance and strategic direction.