Pace (Pakistan) Limited has confirmed that it has completed the sale of its entire 56.79 percent shareholding in Pace Super Mall Private Limited to First Capital Securities Corporation Limited. The company announced the development in a filing on Friday, noting that the transaction marks a significant step in its ongoing restructuring efforts.
According to the filing, the transaction involved the disposal of 9,161,528 fully paid ordinary shares, each priced at Rs10. The total consideration for the sale amounted to Rs452.854 million. The company said the deal generated a gain of Rs361.64 million, which has been recorded under Other Income in the profit and loss statement for the quarter ending September 30, 2025.
Pace (Pakistan) Limited added that shareholders had already approved the disinvestment during an Extraordinary General Meeting held on September 24, 2025. The approval allowed the company to proceed with the sale in accordance with its financial strategy.
The company noted that the completion of the transaction strengthens its financial position and aligns with its broader goal of streamlining its investment portfolio while enhancing quarterly earnings.