glpl News
Gillette Pakistan share buyout set at Rs700 ahead of delisting
Series Acquisition B.V. (SABV), the majority shareholder of Gillette Pakistan Limited (PSX: GLPL), is set to purchase all shares of the company held by other shareholders, excluding those held by the sponsor or majority shareholder.
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GLPL's sponsors accept PSX-set Rs700 buyback price
Gillette Pakistan Limited (PSX: GLPL) has moved a step closer to its voluntary de-listing from the Pakistan Stock Exchange after the majority shareholder/sponsor accepted the purchase of ordinary shares at a PSX-determined buy-back price of Rs700 per share.
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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.
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Gillette Pakistan Board approves delisting from PSX
In a major corporate development, Gillette Pakistan Limited has announced plans to wind up its operations in Pakistan, following a decision by its parent company, Procter & Gamble (P&G), to discontinue business in the country as part of a global restructuring program.
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| BITCOIN FUTURES | 71,965.00 | 73,440.00 71,570.00 | -325.00 -0.45% |
| BRENT CRUDE | 95.98 | 98.26 95.57 | 0.06 0.06% |
| RICHARDS BAY COAL MONTHLY | 105.00 | 0.00 0.00 | 0.10 0.10% |
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