Gillette Pakistan Limited has officially applied for voluntary delisting from the Pakistan Stock Exchange (PSX) as part of its parent company Procter & Gamble’s (P&G) global restructuring strategy. The move comes as the company winds down local manufacturing and transitions to a third-party distributor model.
The decision aligns with P&G’s international plan to optimize operations and “accelerate growth and value creation” in selected markets. Gillette stated in its PSX filing that maintaining a local listing no longer fits P&G’s revised business framework.
Currently, P&G’s subsidiary SABV owns 91.72% of Gillette Pakistan’s shares and will buy back the remaining 8.28% (2.63 million shares) from minority shareholders at Rs. 216.49 per share, with Arif Habib Limited appointed as the purchase agent.
The company emphasized that while local operations will cease, Pakistani consumers will continue to have access to Gillette products through regional distribution networks.
Gillette’s authorized capital stands at Rs. 400 million, comprising 40 million ordinary shares, of which 31.87 million are fully paid up. The PSX is now reviewing the delisting request to facilitate the share purchase process.
“This step reflects P&G’s global focus on efficiency and long-term value,” said a Gillette Pakistan spokesperson, reaffirming the company’s commitment to serving customers in Pakistan through alternate channels.