Gillette Pakistan Limited has offered to buy the remaining shares held by minority investors at Rs 700 per share as part of a plan to delist the company from the Pakistan Stock Exchange (PSX). The offer comes from the company’s majority shareholder, Series Acquisition B.V., which already controls most of the company through its parent group.
In a notice submitted to the PSX, Gillette Pakistan said the offer will remain open from March 12 to May 10, 2026. During this period, minority shareholders will be able to sell their shares at the announced price before the company completes its planned exit from the stock exchange.
According to the notice, Series Acquisition B.V. (SABV) intends to purchase all shares held by investors other than the sponsors. The company confirmed that the buyback price of Rs700 per share has been approved by the Pakistan Stock Exchange under its regulations.
The offer applies to all shareholders, including those who hold physical share certificates and those whose shares are held electronically through the Central Depository System (CDC).
Delisting Plan
The buyback move is part of Gillette Pakistan’s effort to delist from the stock market. Once the offer period ends, the company intends to complete the delisting process from the PSX.
Gillette Pakistan’s majority shareholder, the global consumer goods giant Procter & Gamble, holds 91.72% of the company’s shares through its subsidiary Series Acquisition B.V. The remaining 8.28% stake, representing about 2.63 million shares, is held by minority investors.
The company had first approached the PSX in November 2025 seeking approval for voluntary delisting. At that time, it proposed buying the minority shares at Rs 216.49 per share.
However, the Voluntary Delisting Committee (VDC) of the PSX rejected that offer, saying the price did not adequately reflect the value of the company’s shares. The committee instead set Rs 700 per share as the minimum buyback price, which was later accepted by the sponsor.
