Karachi: Crescent Star Insurance Limited has reported a significant transaction involving the acquisition of shares by Bawany Air Product Limited, as per regulatory disclosures mandated by the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transaction, executed by a relevant person connected to the company, was detailed in a report dated August 17, 2026.

Bawany Air Product Limited purchased a total of 4,667,000 shares at a rate of 5.00 per share. This acquisition took place on August 12, 2026, and was conducted through the Central Depository Company (CDC), categorized under the Negotiated Deal Market (NDM). Following this transaction, Bawany Air Product Limited's cumulative shareholding in Crescent Star Insurance Limited now stands at 18,968,031 shares, representing 12.76% of the company's total shares.

According to information available from the Pakistan Stock Exchange (PSX), this substantial acquisition marks a very large move in the company's ownership structure. The increase in Bawany Air Product Limited's stake reflects a notable shift in shareholding dynamics, given the significant volume of shares acquired in this transaction.

The insurance sector, which Crescent Star Insurance Limited is part of, continues to navigate complex market conditions, and such transactions are closely monitored by stakeholders for their potential impact on market dynamics and company performance.