In a notification sent to the PSX on 24/04/2024, Pak Suzuki Motor Company Limited (PSMC) reported a transaction by the substantial shareholder Nadeem Nisar, who owned more than 10% shares of the company.
He sold a total of 8,294,916 shares of the company for Rs. 609.00 per share. The total amount for this transaction stands at Rs. 5,051,603,844.
Nadeem Nisar had acquired more than 10% shareholding in the company after PSMC announced delisting. When the company had settled on a delisting price of Rs. 609 per share, Nadeem still held 10% stake in the company. Many were speculating that this would lead to a revised delisting price. However, with the current notification, it now becomes clear that he has also sold his stake to the company at a price of Rs. 609 per share.
The shares of PSMC were last trading at Rs. 609.00 today.
Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…
Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.
Taurus Securities Limited has just published a report on MLT's monthly sales.
AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…
AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…
Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…