Karachi: Crescent Star Insurance Limited has executed a substantial acquisition of shares in Bawanyair Products Limited, as per the latest disclosure under PSX Regulation 5.6.4. The transaction was reported on August 4, 2026, involving a notable purchase made on July 30, 2026.

In the recent transaction, Crescent Star Insurance Limited acquired 3,033,830 shares through the Central Depository Company (CDC) in the Negotiated Deal Market (NDM). The purchase was executed at a rate of 30 per share. This acquisition has increased Crescent Star Insurance Limited's holding to 3,702,674 shares, representing a significant move with a 49.35% stake in Bawanyair Products Limited.

According to information available from the Pakistan Stock Exchange (PSX), this transaction marks a very large or significant move in terms of percentage acquisition. The acquisition by Crescent Star Insurance Limited, a substantial shareholder, signals a noteworthy shift in the ownership structure of Bawanyair Products Limited, impacting its designated market category.