The main shareholder/sponsor of Gillette Pakistan Limited (PSX: GLPL) has accepted the Pakistan Stock Exchange’s (PSX) minimum buyback price of Rs. 700 per share for the company’s voluntary delisting from the main bourse.
GLPL conveyed this to PSX in a letter dated 6 February, 2026. “We hereby convey, under PSX Regulation No. 5.14.7, Majority Shareholder/Sponsor’s acceptance of the purchase of Ordinary Shares of Gillette Pakistan Limited at a PSX proposed buy-back price of PKR. 700/- share,” the company conveyed in the stock filing.
The buyback price is significantly higher than the sponsor’s proposed offer of Rs. 216.49 per share.
GLPL’s scrip at the bourse was Rs. 617.02, up 10 percent or Rs. 56.09 at close on Friday.
The principal activities of the Company include marketing and selling of blades and razors.
Good.. they know it’s a pump and dump