Karachi: Grays Leasing Limited has announced that it has received a firm intention from OM International (Private) Limited to acquire up to 75.43% ownership and control of the company. This development, marking a significant move in the corporate sector, was officially communicated to the board of directors of Grays Leasing Limited on July 29, 2025.

According to the disclosure under the Takeover Regulations, OM International seeks to exceed the thresholds established under section 111 of the Securities Act, 2015, aiming to acquire 16.22 million ordinary shares of Grays Leasing Limited. This move is poised to reshape the control dynamics of the target company, which operates within the designated market category.

In compliance with regulation 5(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the Pakistan Stock Exchange has been requested to make this information readily available to the shareholders of Grays Leasing Limited. This includes placing the announcement on the notice board and through the automated information system, as well as making an announcement on the exchange floor.

According to information available from the Pakistan Stock Exchange (PSX), the disclosure of OM International's intention aligns with regulatory requirements aimed at ensuring transparency and informed decision-making among stakeholders. The acquisition, if realized, would represent a big move within the financial services sector, reflecting the ongoing trend of consolidation and strategic positioning in the market.