Karachi: TPL Properties Limited has executed a significant transaction involving the sale of shares, according to a disclosure filed on March 27, 2025. The transaction, involving the sale of 11 million shares, was conducted by a substantial shareholder of TPL REIT Fund I and is in compliance with the PSX Regulations under clause 5.6.4, which mandates the disclosure of interest by directors, CEOs, executives, and their spouses, as well as substantial shareholders.

The shares were sold at a price of Rs. 13.5 each, and the sale was conducted through the Central Depository System (CDS) in the ready market category. The cumulative shareholding of TPL Properties Limited following this transaction stands at 686.60 million shares, representing 37.41% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), the sale of these units was executed by TPL Properties Limited to raise financing through mutual funds against available UIN Limits. This strategic move aligns with the company's financial strategy to leverage its existing assets for capital generation.

The disclosure further indicates that these transactions will be reviewed in the upcoming Board meeting, where any potential non-compliance with the applicable regulations will be highlighted for consideration. The company has committed to confirming the details of these transactions to the Exchange as required under the PSX Regulations.