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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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 173,939.01 703.85M | 2.37% 4027.06 |
| ALLSHR | 103,800.94 1,435.60M | 2.39% 2426.33 |
| KSE30 | 52,809.97 362.15M | 2.60% 1336.81 |
| KMI30 | 250,755.67 243.94M | 1.91% 4699.35 |
| KMIALLSHR | 67,535.39 725.92M | 2.02% 1339.91 |
| BKTi | 48,513.82 194.79M | 4.11% 1916.74 |
| OGTi | 36,285.58 28.58M | 3.08% 1083.83 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 75,580.00 | 76,545.00 74,645.00 | 70.00 0.09% |
| BRENT CRUDE | 96.26 | 98.98 95.57 | -3.13 -3.15% |
| RICHARDS BAY COAL MONTHLY | 103.25 | 103.25 103.25 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 102.95 | 102.95 102.95 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 87.82 | 90.34 87.02 | -3.35 -3.67% |
| SUGAR #11 WORLD | 13.69 | 13.89 13.63 | -0.11 -0.80% |
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