Karachi: EFU Life Assurance Ltd has disclosed a notable share transaction involving EFU General Insurance Ltd, an associated entity, which has acquired a substantial number of company shares, reinforcing its significant holding.

According to information available from the Pakistan Stock Exchange (PSX), EFU General Insurance Ltd executed a purchase of 83,899 shares on September 26, 2024. The transaction was conducted through the Central Depository Company (CDC) on the ready market at a rate of PKR 175.5 per share. This purchase has increased EFU General Insurance Ltd's cumulative shareholding in EFU Life Assurance to 47,430,571 shares, representing 45.17% of the total shares.

This transaction underlines the strategic positioning of EFU General Insurance Ltd within EFU Life Assurance Ltd, marking an ongoing investment in the stability and growth of the company. Such movements are closely monitored under PSX Regulation 5.6.4, which mandates disclosure of transactions by directors, CEOs, executives, and substantial shareholders, along with their spouses and minors.