Karachi: According to the latest filings with the Pakistan Stock Exchange, Weavers Pakistan Pvt Ltd has disclosed a significant acquisition of shares in Bawany Air Products Limited, pushing its total holdings to 28.96% of the company. This strategic increase involves the purchase of an additional 1.33 million shares, which have been transferred to their account in the Central Depository Company as mandated by market regulations.

Weavers Pakistan initially announced the acquisition under Section 110(1) concerning the purchasing of company shares. This recent transaction involves a total of 2.17 million shares, emphasizing Weavers Pakistan's commitment to expanding its influence within Bawany Air Products Limited. According to information available from the Pakistan Stock Exchange (PSX), the shares acquired further cement Weavers Pakistan as a pivotal shareholder in the enterprise.

This move is expected to have significant implications for the market dynamics and the operational strategies of Bawany Air Products. Stakeholders and market analysts will be watching closely to see how this increased shareholding impacts the company's governance and strategic direction moving forward.