Gillette Pakistan Limited (PSX: GLPL) has announced that its majority shareholder will buy out minority investors at Rs. 700 per share as part of the company’s planned delisting from the Pakistan Stock Exchange (PSX).
In a notice to the exchange, the company said its majority shareholder Series Acquisition B.V. will acquire all remaining shares held by minority investors.
The purchase window will remain open from March 12 to May 10, 2026 and will apply to shareholders holding both physical share certificates and electronic shares through the Central Depository Company of Pakistan Limited.
The buyout is part of Gillette Pakistan’s voluntary delisting process. The company had earlier applied for delisting in November 2025 with a proposed buyback price of Rs. 216.49 per share.
However, the Voluntary Delisting Committee of the Pakistan Stock Exchange rejected that offer and set a higher minimum buyback price of Rs. 700 per share to protect minority investors.
Procter & Gamble, which holds about 91.72 percent of Gillette Pakistan through Series Acquisition B.V., had initiated the process to acquire approximately 2,638,059 shares representing around 8.28 percent of the company’s paid up capital held by minority shareholders.
Once the buyback process is completed, Gillette Pakistan is expected to be delisted from the Pakistan Stock Exchange.