W.S. Engineering buys 10.37% of Pace (Pakistan) at Rs. 9 a share
What's the deal? W.S. Engineering (Private) Limited has acquired 46,687,439 shares in Pace (Pakistan)Dealroom has a profile for this one. Try Dealroom → Limited, a 10.37% stake in the company's issued voting shares. The Lahore-based buyer paid Rs. 9 per share, closing the deal on June 12, 2026, and disclosing it on July 9, 2026.
Why now? The purchase marks a sharp shift in strategy: W.S. Engineering previously held no shares in Pace. The disclosure was filed under Section 110 of the Securities Act, 2015.
Who's buying? W.S. Engineering was incorporated in Lahore on May 11, 2018, with authorised and paid-up capital of 40,000 shares valued at Rs. 100 each. It is led by chief executive officer and director Waseem Asghar, alongside director Saima Waseem. Its registered office sits inside Pace Tower on Gulberg-II, Lahore.
What it means: The stake gives W.S. Engineering a substantial position in Pace that could shape future corporate decisions. The disclosure did not mention any board representation at the target company. A dormant investor taking a double-digit stake in a listed company signals intent, even without a board seat; watch whether W.S. Engineering builds on the 10.37% holding to press for governance influence at Pace.
Read more: Pakistan Company News
Image credit: thetaxhaven
