SCL approves share buyback at Rs750/share
MG News | April 13, 2026 at 10:57 AM GMT+05:00
April 13, 2026 (MLN): Shield Corporation Limited (PSX:SCL) has
received formal acceptance from its majority shareholders and sponsors under
Pakistan Stock Exchange (PSX) Regulation to proceed with the purchase of its
ordinary shares.
The buyback will be executed at a price of Rs750 per share,
as proposed by the PSX, which marks a significant step in the company’s share
repurchase initiative.
The aforementioned information was disseminated
through a notification to Exchange.
Earlier, SCL had applied for voluntary delisting from Pakistan
Stock Exchange, citing persistently low trading activity in its shares with an
average daily volume of around 923 shares over the past year.
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