Karachi: Siemens AG-Germany, a substantial shareholder in Siemens (Pakistan) Engineering Company Limited, has executed significant transactions in the company's shares, enhancing its stake in the local entity. According to a disclosure filed under Pakistan Stock Exchange (PSX) Regulation 5.6.4, the transactions have been documented as part of mandatory interest disclosures by relevant persons associated with the company.
On June 2, 2025, Siemens AG-Germany purchased 999 shares at a rate of 1,515.90 per share, bringing the cumulative number of shares held to 7,665,959, representing a 92.95% stake in the company. This transaction was followed by another purchase on June 3, 2025, wherein the shareholder acquired an additional 3,049 shares at 1,516.00 per share. The cumulative shareholding increased to 7,669,008, boosting the percentage to 92.99%.
The transactions were executed in the designated market category of 'Ready' under the Central Depository Company (CDC) system. According to information available from the Pakistan Stock Exchange (PSX), these purchases reflect a strategic move by Siemens AG-Germany to consolidate its holdings in Siemens (Pakistan) Engineering Company Limited.
These developments are part of regular disclosures required under regulatory norms to ensure transparency in shareholder transactions within the stock market framework.