Karachi: On May 6, 2026, it was revealed that Weavers Pakistan (Pvt) Ltd. executed a notable share acquisition in Bawanyair Products Limited. The transaction involved the purchase of 18,337 shares at a rate of 41.20 per share. This purchase has increased Weavers Pakistan’s cumulative shareholding to 3,302,813 shares, which represents a 44.02% stake in the company. This development is classified as a very large or significant move as the shareholding percentage reflects a substantial change.
According to information available from the Pakistan Stock Exchange (PSX), this transaction was conducted in the ready market sector on May 5, 2026. The shares acquired were in the form of CDC certificates. This disclosure aligns with the requirements set forth under PSX Regulation 5.6.4, mandating transparency for transactions executed by directors, CEOs, executives, substantial shareholders, their spouses, and minors.
The acquisition by Weavers Pakistan (Pvt) Ltd. represents a key shift in the ownership structure of Bawanyair Products Limited, potentially influencing future corporate strategies and market perceptions.