EPCL shareholder Nadeem Nisar increases stake to 10.03%

In a notification sent to PSX on 29/05/2024, Engro Polymer and Chemicals Limited (EPCL) announced that Nadeem Nisar would buy 400,000 shares of Engro Polymer at Rs.43.69 each.

Engro Polymer & Chemicals Limited (“the Company”) has received the enclosed letter from Mr. Nadeem Nisar, Substantial shareholder of the Company. “I, Nadeem Nisar. (“the Acquirer”) have acquired on May 24, 2024, -400,000-voting shares of Engro Polymer & Chemicals Limited (“the Company”) at the rate of Rs.43.69 per share. On account of this acquisition our total shareholding in the Company 91,181,821 shares which represents 10.03% of the total issued voting shares of the Company, as our previous holding in the Company was 90,781,821 shares.

EPCL shares were last trading at Rs. 43.67 today.