Islamabad, Jan 31: The Pakistan Stock Exchange (PSX) has announced the listing of DH Partners Limited (DHPL), effective Monday, February 3, 2025. The listing follows a Scheme of Arrangement through which Engro Holdings Limited (ENGROH), formerly Dawood Hercules Corporation Limited, has been demerged into two separate entities. Under this arrangement, all assets, liabilities, and obligations except its investment in Engro Corporation Limited (ENGRO) have been transferred to DHPL.
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Key Details of the Listing:
- Court Approval: The Islamabad High Court sanctioned the demerger on July 18, 2024, and the scheme became effective from January 1, 2025.
- Share Swap Ratio: Shareholders of ENGROH have received one DHPL share for each ENGROH share they previously held.
- Trading Start Date: February 3, 2025, on the PSX Main Board.
- Settlement Basis: T+2, with the first settlement on February 6, 2025.
- Market Lot: 1 share (PKR 10/- each).
- Opening Price: Rs. 58.99/- per share, as announced by ENGROH.
- Company Code: DHPL, assigned by the National Clearing Company of Pakistan Limited (NCCPL).
- Sector Classification: Investment Banks/Investment Companies/Securities Companies on PSX’s daily quotation.
The Central Depository Company (CDC) has declared DHPL shares eligible for electronic transactions, ensuring smooth settlements through the NCCPL.
This listing marks a significant development in Pakistan’s capital markets, providing investors with a new opportunity in the investment and financial services sector.
