Karachi, Millat Tractors Limited, a leading manufacturer of agricultural machinery in Pakistan, announced a substantial share acquisition by one of its Non-Executive Directors, Mr. Laeeq ud Din Ansari. The transaction took place on September 8, 2023, and involved a significant number of shares in the company.
Mr. Laeeq ud Din Ansari, a prominent figure on the board of directors, executed a series of share purchases in a single day, demonstrating his confidence in the company's future prospects. The details of the transaction are as follows:
1. Name of Person: Laeeq ud Din Ansari (Non-Executive Director)
2. Date: September 8, 2023
3. Nature: BUY
4. No. of Shares: 1
5. Rate: 442.98
6. Form of Share Certificates: CDC Ready
This purchase was followed by a string of additional acquisitions:
1 share at a rate of 442.99
470 shares at a rate of 443.00
200 shares at a rate of 443.10
200 shares at a rate of 443.20
500 shares at a rate of 443.25
1200 shares at a rate of 443.30
200 shares at a rate of 443.40
200 shares at a rate of 443.50
2 shares at a rate of 443.99
These transactions collectively represent a substantial investment in Millat Tractors Limited by Mr. Laeeq ud Din Ansari. His confidence in the company's future performance is evident in this show of support.
Millat Tractors Limited continues to be a key player in the agricultural machinery sector, and Mr. Ansari's share purchases may be seen as an endorsement of the company's potential for growth. This development will undoubtedly be closely watched by investors and industry experts alike as they speculate on the impact of these acquisitions on the company's future trajectory.