Karachi: In a significant transaction disclosed under the PSX Rule Book and the Securities Act, 2015, Jahangir Siddiqui & Sons Limited has announced the acquisition of 2,666,660 ordinary shares in Jahangir Siddiqui & Co. Ltd. This acquisition has elevated its total shareholding in the company to 219.13 million ordinary shares, representing a cumulative shareholding percentage of 23.92% as of January 16, 2025.

The shares were acquired at a purchase price of Rs. 22.50 per share during a trade executed on January 16, 2025. The form of the share certificate is electronic within the Central Depository Company (CDC), and the nature of the transaction was a purchase through the Negotiated Deal Market (NDM).

According to information available from the Pakistan Stock Exchange (PSX), this transaction is part of the routine disclosures required under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited. The detailed disclosure is aligned with the regulatory requirements to ensure transparency and informative communication with stakeholders.

Jahangir Siddiqui & Co. Ltd., registered at the 20th Floor, The Centre, Plot No. 28, S13-5, Abdullah Haroon Road, Saddar, Karachi, is categorized under the financial services market. The company has been proactive in maintaining compliance with the disclosure requirements, as demonstrated by this recent announcement.

The company’s contact person for further information is Muhammad Babar Din, the Company Secretary, who can be reached at (92-21) 111 574 111. This acquisition marks a strategic move by Jahangir Siddiqui & Sons Limited to consolidate its position within Jahangir Siddiqui & Co. Ltd., signaling potential future growth and development opportunities within the financial sector.