Gillette Pakistan Set for Delisting from PSX – Majority Owner Offers Rs700 Per Share Buyout to Minority Shareholders

March 11, 2026

In a significant move that could reshape the future of one of Pakistan’s well-known personal care brands, Gillette Pakistan Limited is preparing to go private. The company’s majority shareholder has formally offered to buy out all remaining minority shares at a premium price of Rs700 per share as part of a voluntary delisting plan from the Pakistan Stock Exchange (PSX).

According to an official notice submitted to the PSX on Tuesday, Series Acquisition BV — the majority shareholder and a subsidiary of global giant Procter & Gamble (P&G) — will purchase all shares held by minority investors (other than sponsor shareholders). This offer has been officially approved by the PSX in line with its delisting regulations.

The share purchase offer will remain open for a two-month window:

Start date: March 12, 2026
End date: May 10, 2026 (both days inclusive)

Once the offer period closes, Gillette Pakistan intends to complete the delisting process and remove its shares from trading on the PSX.

The offer is open to all minority shareholders, whether they hold physical share certificates or maintain their holdings in book-entry form through the Central Depository System (CDS) of the Central Depository Company of Pakistan.

Background: From Rs216.49 to Rs700 Per Share

This latest development follows an earlier application filed by Gillette Pakistan in November 2025 for voluntary delisting. At that time, the majority shareholder (holding 91.72% of the company through Series Acquisition BV) had proposed buying back the remaining 8.28% stake — approximately 2.64 million shares — at a price of Rs216.49 per share.

However, the PSX Voluntary Delisting Committee reviewed the proposal and rejected the original price. Instead, the committee mandated a significantly higher minimum buyback price of Rs700 per share. The sponsors have now accepted this revised valuation and are proceeding with the higher offer.

What This Means for Minority Shareholders

This buyout represents a major windfall for minority investors. The Rs700 per share price is more than three times the originally proposed amount, providing a lucrative exit opportunity before the stock becomes illiquid after delisting.

Key points for shareholders:

You have until May 10, 2026, to tender your shares.
The process applies equally to physical and electronic holdings.
After delisting, Gillette Pakistan will operate as a private company, freeing it from many public listing obligations but also removing the ability for public trading.

Strategic Context for Procter & Gamble

For P&G, which controls Gillette Pakistan through its subsidiary, delisting appears to be a strategic step toward greater operational flexibility in the Pakistani market. By taking full ownership, the global conglomerate can streamline decision-making, reduce regulatory compliance costs, and focus on long-term growth without the pressures of public market scrutiny.

Gillette Pakistan remains a household name in grooming and personal care products across the country. This move signals P&G’s continued commitment to the Pakistan market — but in a fully private capacity.

Final Thoughts

The Rs700 per share offer marks the end of an era for Gillette Pakistan as a publicly listed company on the PSX. Minority shareholders now have a clear, time-bound window to cash out at an attractive premium.

If you hold GLPL shares, consult your broker or financial advisor immediately to understand the tendering process and any tax or documentation requirements. The next two months will be crucial for anyone still invested in this stock.