Gillette Pakistan Limited has announced that its majority shareholder will purchase shares held by minority investors at Rs. 700 per share as part of the company’s plan to exit the Pakistan Stock Exchange.

In a notification submitted to the exchange, the company stated that Series Acquisition B.V. will acquire all remaining shares owned by minority shareholders. The buyback offer will remain open from March 12 to May 10, 2026.

The offer applies to shareholders holding both physical share certificates as well as those maintaining electronic shares through the Central Depository Company of Pakistan Limited.

The buyback forms part of the company’s voluntary delisting plan. Gillette Pakistan initially applied for delisting in November 2025, proposing a repurchase price of Rs. 216.49 per share.

However, the Voluntary Delisting Committee of the Pakistan Stock Exchange rejected the proposed price and directed the company to raise the offer to Rs. 700 per share to ensure adequate protection for minority investors.

Parent company Procter & Gamble, which controls about 91.72 percent of Gillette Pakistan through Series Acquisition B.V., had initiated the process to acquire roughly 2.64 million shares, representing around 8.28 percent of the company’s paid-up capital held by minority shareholders.

Upon completion of the share buyback, Gillette Pakistan Limited is expected to be formally delisted from the Pakistan Stock Exchange.