Karachi: Treet Corporation Limited, a substantial shareholder in Treet Battery Limited, has been involved in a series of share transactions, reducing its holdings in the company over three consecutive trading days. The transactions were executed under the regulations of the Pakistan Stock Exchange (PSX), specifically PSX Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding company shares.

The transactions began on March 14, 2025, when Treet Corporation Limited sold 854,504 shares at a rate of 13.56 per share. This sale brought their cumulative shareholding in Treet Battery Limited to 749.80 million shares, representing 84.98 percent of the total shares.

On March 17, 2025, a subsequent transaction saw the sale of 619,173 shares at a slightly higher rate of 13.57 per share. Following this transaction, the cumulative number of shares held by Treet Corporation Limited decreased to 749.19 million, adjusting their total shareholding to 84.91 percent.

The third and most significant transaction occurred on March 18, 2025, with the sale of 1,425,252 shares at a rate of 13.39 per share. This resulted in a further reduction of Treet Corporation’s holdings to 747.76 million shares, with their cumulative percentage of ownership declining to 84.75 percent.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the routine disclosures required for substantial shareholders, directors, and executives, along with their immediate family members, to ensure transparency in market operations. Treet Corporation Limited's reduction in its stake in Treet Battery Limited is noteworthy within the designated market category of the PSX, signifying a strategic decision in its investment portfolio.

The series of transactions reflect a slight decrease in Treet Corporation Limited's influence over Treet Battery Limited, yet the corporation maintains a dominant position with over 84 percent ownership of the company's shares.