Karachi: Societe Generale Pvt. Limited, a substantial shareholder in Telecard Limited, has executed significant transactions involving the sale of shares in the company. The disclosure, mandated by the Pakistan Stock Exchange (PSX) Regulation 5.6.4, was made public today, providing detailed insights into the transactions conducted by the shareholder.

On May 6, 2025, Societe Generale Pvt. Limited sold 844,766 shares at a rate of 7.04 per share in the ready market. This transaction reduced their cumulative shareholding to 55.91 million shares, accounting for 16.51 percent of the total shares. Subsequently, on May 14, 2025, the shareholder further sold 1,000,000 shares at a rate of 7.07 per share, bringing their cumulative shareholding down to 54.91 million shares, or 16.22 percent of the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), these sales represent a notable change in the ownership structure of Telecard Limited. The sales are part of the ongoing market activities in the designated market category for Telecard Limited, reflecting the shareholder's strategic decisions.

The transactions by Societe Generale Pvt. Limited are critical for investors and stakeholders in Telecard Limited, as they impact the company's ownership dynamics. Such disclosures are essential for maintaining transparency and ensuring that all market participants have access to relevant information about significant changes in shareholding.