Karachi, In a recent development, Engro Corporation Limited has cancelled 39,536,762 ordinary shares purchased during the buy-back process. The cancellation was carried out in accordance with Regulation I0(d) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. This move has resulted in a reduction of the company’s paid-up capital, which now stands at PKR 5,366,264,680, with a total of 536,626,468 ordinary shares valued at PKR 10 each. The decision is expected to have significant implications for the corporation’s financial structure and shareholder composition.
The post Engro Corporation Limited Cancels 39.5 Million Shares Purchased During Buy-Back, Reducing Paid-Up Capital to PKR 5.37 Billion appeared first on Pakistan Company News.