PSX sets minimum buyback price of Rs700/share for Gillette
MG News | January 27, 2026 at 10:46 AM GMT+05:00
January 27, 2026 (MLN): Gillette Pakistan
Limited's (PSX:GLPL) voluntary delisting application has been reviewed by the
Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange, with the
committee setting a minimum buyback price significantly higher than the
sponsor's offer.
The VDC conducted detailed discussions with representatives of the sponsors and, after evaluating all relevant aspects under applicable regulations, determined a minimum buyback price of Rs700 per share. This contrasts sharply with the sponsor's offer of Rs216.49 per share.
At the time of writing, GLPL was trading at Rs450.22, up 10%.
The sponsors of Gillette Pakistan Limited must now communicate their acceptance or rejection of the purchase price set by the exchange within ten days, as required under PSX Regulation 5.14.7.
The company's voluntary delisting remains contingent upon receiving acceptance from the sponsors and fulfillment of all relevant regulatory requirements, according to a PSX notice issued.
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