Karachi: TPL Corp Limited has disclosed significant share transactions involving the sale of shares in TPL Properties Limited, according to a notice released on March 27, 2025. The transactions were executed by the substantial shareholder, TPL Corp Limited, as part of a move to raise financing against available Universal Identification Number (UIN) Limits.

The details of the transactions, as per the disclosure, include multiple sales and a purchase within the span of a few days. On March 21, 2025, TPL Corp Limited sold 6 million shares at a rate of Rs. 11.09 per share. This transaction was conducted in the ready market through the Central Depository System (CDS). Following this, on March 24, 2025, the company executed two more sales: 4 million shares at Rs. 11.20 per share and 5 million shares at Rs. 10.00 per share, both facilitated through the CDS.

In a parallel transaction on the same day, TPL Corp Limited purchased 5 million shares at Rs. 10.05 per share, also conducted through the CDS under the National Depository Market (NDM) category.

These transactions have resulted in a cumulative shareholding of 210.33 million shares, representing 37.48% of TPL Properties Limited's total shares. According to information available from the Pakistan Stock Exchange (PSX), these transactions are set to be reviewed in the upcoming Board meeting of TPL Corp Limited. The review will include an assessment of any non-compliance issues in accordance with clause 5.6.4 of the PSX Regulations.