Karachi: Clover Pakistan Limited, in a regulatory filing, disclosed the sale of a significant portion of its shares by a key stakeholder, M/s. Fossil Energy (Private) Limited. The transaction, involving the sale of 2.00 million shares, was executed on August 31, 2026, at a per-share price of Rs 6.78. The shares were sold in electronic form via the Central Depository Company (CDC) as a regular market sale.

According to information available from the Pakistan Stock Exchange (PSX), the sale by Fossil Energy represents a notable divestment by a substantial shareholder of the company. This transaction is slated for discussion in the upcoming board meeting, as mandated by the PSX Regulations.

The sale aligns with the requirements outlined in Regulation No. 5.6.4 of the PSX Rule Book, which necessitates disclosure of share transactions by significant stakeholders. This move by M/s. Fossil Energy will be closely monitored by market analysts, as it may influence the company's stock performance in the designated market category.