Karachi: Jahangir Siddiqui & Co. Ltd. announced a significant increase in the stake held by Mr. Jahangir Siddiqui, one of its major shareholders. This change came into effect following the acquisition of additional shares in the company.

According to information available from the Pakistan Stock Exchange (PSX), the transaction involved the purchase of 25,400 Class 'A' Preference Shares at a price of Rs 7.75 each, conducted through the ready market on August 16, 2024. With this latest purchase, Mr. Siddiqui’s total holdings in Class 'A' Preference Shares have escalated to 139.49 million.

The shares were bought in electronic form and are maintained in the Central Depository Company (CDC). This acquisition is part of ongoing trading activities and reflects a strengthening of Mr. Siddiqui's investment in the company.

Jahangir Siddiqui & Co. Ltd. is located at The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, Saddar, Karachi. The firm operates under the regulatory framework of the PSX Rule Book and the Securities Act of 2015, ensuring transparency and adherence to corporate governance standards.