Islamabad, Mar 6, 2025: Baluchistan Glass Limited (PSX: BGL) has successfully completed the issuance of 376.9 million ordinary shares to its parent company, M/s MMM Holding (Private) Limited.
This transaction has increased MMM Holding’s stake in BGL to 93.6 percent, as announced by the company on Thursday.
The newly issued shares, valued at Rs. 10 each, collectively amount to Rs. 3.77 billion.
These shares were allocated to settle an outstanding financial obligation in accordance with Section 83(1)(b) of the Companies Act, 2017, after receiving approval from the Securities & Exchange Commission of Pakistan (SECP).
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Baluchistan Glass Limited specializes in producing and distributing a variety of glass products, including glass containers, tableware, and plastic casings.
With a strong market presence, the company continues to expand its operations and enhance its manufacturing capabilities to meet growing demand in the industry
