Karachi: Mr. Jahangir Siddiqui has expanded his investment in Jahangir Siddiqui & Co. Ltd by acquiring an additional 1,000 Class 'A' Preference Shares, as reported on August 12, 2024.

This recent transaction has increased Mr. Siddiqui's total holdings in the company to 138,961,815 Class 'A' Preference Shares. Each share was purchased at a price of Rs 7.75 through the ready market, with the trade being settled electronically in the Central Depository Company (CDC).

According to information available from the Pakistan Stock Exchange (PSX), this acquisition is disclosed under clause 5.6.4 of the PSX Rule Book and the Securities Act, 2015, ensuring full compliance with market regulations and transparency in transactions involving significant shareholders.

The purchase underscores ongoing shifts in shareholder dynamics within Jahangir Siddiqui & Co., reflecting Mr. Siddiqui's continued confidence in the firm’s financial prospects and strategic direction.