Karachi: Shahan Ali Jamil, a substantial shareholder of EcoPack Limited, has increased his stake in the company by purchasing 1.98 million shares, according to a disclosure filed with the Pakistan Stock Exchange (PSX). The transaction took place on September 16, 2024, at a price of Rupees 22.68 per share, bringing Jamil’s cumulative shareholding to 1.98 million, representing 4.11% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition was executed under the ready market segment and involved shares registered under the Central Depository Company (CDC). The transaction aligns with Clause 5.6.4 of the PSX rule book, which requires the disclosure of transactions executed by directors, executives, substantial shareholders, and their immediate families.

This recent acquisition signals continued interest and confidence in the company's future performance by its key shareholders. The transaction details also indicate the importance of maintaining transparency in shareholding activities, ensuring that all relevant stakeholders are informed.

The designated market category for this share acquisition was the ready market, which facilitates the immediate settlement of trades.