The Pakistan Stock Exchange (PSX) has set a significantly higher minimum buyback price for Gillette Pakistan Limited (PSX: GLPL) as part of the company’s voluntary delisting process, following a review by the Voluntary Delisting Committee (VDC).

After detailed deliberations with the company’s sponsors and an assessment under applicable regulatory requirements, the VDC determined a minimum purchase price of Rs700 per share, well above the sponsor’s proposed buyback offer of Rs216.49 per share.

Following the announcement, Gillette Pakistan’s shares reacted positively, trading at Rs450.22, up 10% at the time of reporting, reflecting improved investor expectations regarding the exit price.

Under PSX Regulation 5.14.7, the sponsors are now required to formally communicate their acceptance or rejection of the exchange-determined buyback price within ten days.

According to the PSX notice, the voluntary delisting of Gillette Pakistan Limited will remain subject to the sponsors’ response and the completion of all relevant regulatory and procedural requirements.

The development underscores PSX’s role in safeguarding minority shareholder interests during voluntary delisting processes by ensuring fair valuation and transparent price discovery.