Business

PSX Sets New Benchmark for Shareholder Protection; Hikes Gillette Buyback to Rs 700.

Muneeba

Business Desk

January 28, 2026

1 min read

PSX Voluntary Delisting Committee (VDC) meeting regarding Gillette Pakistan Limited (GLPL) buyback price hike.

PSX protects minority shareholders by hiking Gillette Pakistan’s buyback price to Rs 700 per share.

The Pakistan Stock Exchange (PSX) has set a new benchmark for minority shareholder protection by hiking the minimum buyback price for Gillette Pakistan Limited (GLPL) to Rs 700 per share. This is a massive jump from the initial proposal of Rs 216.49 submitted by the majority shareholder, Series Acquisition B.V. (SABV), which holds a 91.72% stake in the company.

The Voluntary Delisting Committee (VDC) of the PSX significantly raised the threshold after a thorough review, aimed at ensuring fair value for the 8.28% of public shares remaining in the market. Following this announcement, Gillette Pakistan’s shares reacted positively, hitting the upper circuit with a 10% increase to trade at Rs 450.22. The sponsors now have ten days to accept or reject this exchange-determined price.

CorporateRestructuring Delisting GillettePakistan HeadlineRecorder InvestorProtection PakistanEconomy ProcterAndGamble PSX StockMarketUpdate

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Muneeba

Muneeba Zaman is a Karachi-based digital content creator and social media specialist. She creates business, tech, AI, and digital marketing content for Headline Recorder, with a focus on clear storytelling, brand consistency, and creative direction.

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