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Fauji Foundation acquires nearly 20% stake in Pakistan Services for Rs6.55 billion
Fauji Foundation, one of Pakistan’s largest conglomerates, has acquired a 19.70% stake in Pakistan Services Limited (PSL) for approximately Rs6.55 billion, i.e. $23.7 million. PSL disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Fauji Foundation acquired 6,406,797 voting shares of Pakistan Services on November 2, 2026, at Rs1,022.42 per share, taking its total shareholding in the company to 19.70% of its voting shares, the disclosure said. The acquisition was notified under Section 110 of the Securities Act, 2015. Pakistan Services said it had received a l...
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