Karachi: Adamjee Insurance Company Limited, a substantial shareholder in Adamjee Life Assurance Company Limited, has executed a significant transaction involving the sale of 16.25 million shares in the company. This disclosure was made in line with the Pakistan Stock Exchange Regulation 5.6.4.

The transaction took place on June 23, 2025, with the shares being sold at a rate of 24.00 per share. This sale brings the cumulative number of shares held by Adamjee Insurance Company to 208.75 million, representing 83.50 percent of the total shares in Adamjee Life Assurance Company Limited.

According to information available from the Pakistan Stock Exchange (PSX), the sale by Adamjee Insurance marks a very large or significant move in the company's shareholding structure. The transaction was conducted through the Central Depository Company (CDC) under the Negotiated Deal Market (NDM) category.

Such transactions are closely monitored as they indicate strategic decisions by substantial shareholders, potentially impacting market perceptions and valuations. The designated market category remains a critical component in understanding these shifts within the listed company’s framework.