Pace (Pakistan) Limited has announced the sale of its entire 56.79% shareholding in Pace Super Mall (Private) Limited, comprising 9,161,528 fully paid ordinary shares of Rs 10 each, to First Capital Securities Corporation Limited for a total consideration of Rs. 452.854 million.
According to a notice sent to the Pakistan Stock Exchange (PSX), the disinvestment was approved by the members during an Extra Ordinary General Meeting held on September 24, 2025.
The company recognized a gain of Rs 361.64 million from this transaction, which has been reflected in the statement of brackly news or loss under the head “Other income” for the quarter ended September 30, 2025.
The sale of the shares marks a strategic move by Pace Pakistan to optimise its business operations and improve its financial standing.
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