Karachi, Millat Tractors Limited, a leading name in the automotive industry, has disclosed significant share transactions executed by one of its key members. Laeeq Ud Din Ansari, a Non-Executive Director of the company, made noteworthy investments in the company's shares on September 8, 2023.
Mr. Laeeq Ud Din Ansari, in his capacity as a Non-Executive Director, carried out two separate transactions involving the purchase of Millat Tractors Limited shares. The details of these transactions are as follows:
1. On September 8, 2023, Mr. Laeeq Ud Din Ansari bought 19 shares of the company at a rate of PKR 446.99 per share. These shares were held in the form of CDC (Central Depository Company) Ready certificates.
2. On the same day, September 8, 2023, Mr. Ansari executed a larger transaction, purchasing 3,144 shares of the company at a rate of PKR 447.00 per share. These shares, too, were held in the form of CDC Ready certificates.
These transactions indicate Mr. Laeeq Ud Din Ansari's continued confidence in the company's future prospects. His investments in Millat Tractors Limited reflect a positive sentiment and a long-term commitment to the company's growth.
It is important to note that such transactions are subject to regulatory disclosure requirements to ensure transparency and fairness in the market. Millat Tractors Limited has complied with these regulations by promptly reporting these transactions to the relevant authorities and the public.
Millat Tractors Limited remains a key player in the agricultural machinery sector and has a strong presence in both domestic and international markets. The company's performance and the actions of its leadership team, including Mr. Laeeq Ud Din Ansari, will be closely monitored by shareholders and industry observers as it continues to drive innovation and growth in the agricultural equipment industry.