Karachi: Crescent Star Insurance Limited has disclosed a reduction in its shareholding in Tristar Power Limited, following a recent transaction that took place on February 19, 2025. The company announced the sale of voting shares at the rate of Rs. 6.71 per share, in accordance with Section 110 of the Securities Act, 2015.

The transaction has resulted in Crescent Star Insurance Limited's total shareholding in Tristar Power Limited decreasing to 1,375,142 shares, comprising 9.17% of the total issued voting shares. Prior to this sale, the company's holding was 1,825,142 shares.

According to information available from the Pakistan Stock Exchange (PSX), Crescent Star Insurance Limited is a company incorporated in Karachi on May 8, 1957. The company operates under the jurisdiction of Karachi, with an authorized share capital of 115.00 million and an issued share capital of 107.69 million.

The company's board of directors includes Naim Anwar, Rashid Malik, Rabia Omar Hassan, Huma Jawaid, Suhail Elahi, Naveeda Mahmud, Sheikh Waqar Ahmed, and Saba Azam, subject to sound and prudent approval. Naim Anwar, who resides in DHA Phase - 2, Karachi, is among those having control over the acquirer.

This transaction is a key development in the financial activities of Crescent Star Insurance Limited, which has been operational in the designated market category since its incorporation.