glpl News
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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| OGTi | 35,053.03 27.27M | -0.84% -295.86 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 68,980.00 | 69,580.00 65,970.00 | 3480.00 5.31% |
| BRENT CRUDE | 67.73 | 68.05 66.89 | 0.21 0.31% |
| RICHARDS BAY COAL MONTHLY | 96.00 | 0.00 0.00 | -1.50 -1.54% |
| ROTTERDAM COAL MONTHLY | 104.60 | 104.60 104.60 | 1.30 1.26% |
| USD RBD PALM OLEIN | 1,071.50 | 1,071.50 1,071.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 62.81 | 63.26 62.14 | -0.03 -0.05% |
| SUGAR #11 WORLD | 13.55 | 13.57 13.42 | 0.07 0.52% |
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