Karachi: Waves Corporation Limited, a substantial shareholder in Waves Home Appliances Limited, has executed a series of share sales, reducing its stake in the company over a span of several days, according to information disclosed under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions were announced on July 10, 2026.

In a sequence of transactions beginning on July 6, 2026, Waves Corporation Limited sold a total of 3.97 million shares. On the initial day, they divested 874,000 shares at a rate of 8.98 per share, bringing their cumulative shareholding to 115.10 million shares, equivalent to 42.97% of the company's total shares.

Continuing its divestment, the corporation sold another 600,692 shares on July 7, 2026, at 9.08 per share. This reduced their cumulative holdings to 114.50 million shares, accounting for 42.74% of the company's shares.

The share sales persisted on July 9, 2026, with 1.00 million shares sold at a rate of 8.67 per share. This transaction further decreased the cumulative shareholding to 113.50 million shares, representing 42.37%.

The final transaction in this series occurred on July 10, 2026, when the corporation sold 1.50 million shares at 8.75 per share. With this sale, Waves Corporation Limited's cumulative shareholding in Waves Home Appliances Limited fell to 112.00 million shares, or 41.81% of the total.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of the regular disclosures required, highlighting significant moves in shareholding percentages by substantial shareholders. The cumulative percentage reduction from 42.97% to 41.81% represents a minor move within the company's stock, indicating a strategic adjustment rather than a major divestment.