The Pakistan Stock Exchange (PSX) has announced the listing of DH Partners Limited (DHPL) on its Main Board, effective Monday, February 3, 2025. The listing follows the successful implementation of a Scheme of Arrangement involving the demerger of Engro Holdings Limited (ENGROH), formerly Dawood Hercules Corporation Limited.
Under the Scheme of Arrangement, all assets, liabilities, and obligations of ENGROH, except its investment in shares of Engro Corporation Limited (ENGRO), have been transferred to DHPL. The Islamabad High Court sanctioned the Scheme on July 18, 2024, and it became effective on January 1, 2025. As per the swap ratio outlined in the Scheme, shareholders of ENGROH have been allotted one share of DHPL for every one share of ENGROH.
Trading in DHPL shares will begin on February 3, 2025, with settlements on a T+2 basis. The first settlement date is set for Thursday, February 6, 2025. The market lot for DHPL shares will be one share of PKR 10 each.
The Central Depository Company of Pakistan Limited (CDC) has already declared DHPL shares as an eligible security, and all transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL). The company has been assigned the ticker symbol “DHPL” by NCCPL.
The opening price for DHPL shares has been set at Rs. 58.99 per share, as announced by ENGROH and disseminated through PUCARS on January 3, 2025. DHPL will be listed under the “Investment Banks/Investment Companies/Securities Companies” sector in the PSX Daily Quotation.
