Aberdeen Holdings sheds 4.5% stake in Ex-Pack for Rs. 240 m

Aberdeen Holdings yesterday sold 4.5% stake in Ex-pack Corrugated Cartons PLC for Rs. 240 million.

15 million shares were done via two crossings at Rs. 16 each. Overall Ex-Pack saw 20.4 million shares changing hands via 816 trades for Rs. 331.5 million. 

The share price closed at Rs. 17.30, up by 50 cents or 3%. Ex-Pack’s net assets per share as at 30 June was Rs. 5.90 up from Rs. 5.20 as at end FY21. 

Highest value in 1Q of FY23 was Rs. 25.40 and the lowest was Rs. 7 whilst it closed the quarter at Rs. 9.20.

As at end 1Q of FY23, Aberdeen Holdings held 75% stake or 250 million shares in Ex-Pack. The public float was 24.75% held by 5,674 shareholders.