Karachi: Crescent Star Insurance Limited has disclosed the sale of a substantial number of shares it holds in S.G. Power Limited, marking a significant transaction in the energy sector. The information was released on May 14, 2025, and involves the sale of 750,000 shares at a rate of 7.12 rupees per share. This transaction represents a crucial development for the shareholders and stakeholders of S.G. Power Limited.

The transaction, executed in the regular form of shares, involves Crescent Star Insurance Limited, a substantial shareholder in S.G. Power Limited. The insurance company, which held a total of 5,211,236 shares, has reduced its stake by 29.22 percent through this sale.

According to information available from the Pakistan Stock Exchange (PSX), this transaction will be presented in the next board meeting of S.G. Power Limited as mandated by clause 5.6.1 of the PSX Regulations. This meeting will consider the implications of the sale and deliberate on any strategic changes that may arise due to this significant reduction in shareholding.