Karachi: EFU Life Assurance Ltd has disclosed an insider transaction involving a substantial shareholder, in compliance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The details of the transaction were released on September 30, 2024.

According to information available from the Pakistan Stock Exchange (PSX), EFU General Insurance Ltd., identified as a substantial shareholder, executed a significant buy order. The shares were purchased in the 'Ready' market, on the specific date mentioned above. The transaction involved the acquisition of 97,500 shares at a rate of PKR 194.32 per share.

Post-transaction, EFU General Insurance Ltd. now holds a total of 47,578,071 shares of EFU Life Assurance Ltd., representing 45.31% of the company's total shareholding. This purchase underscores the continuing confidence of substantial shareholders in the company's financial health and future prospects.