Karachi: A substantial shareholder of Sitara Peroxide Limited has divested a significant portion of his holdings, according to a disclosure filed with the Pakistan Stock Exchange. The transaction, dated January 8, 2026, involved the sale of 1,477,951 shares at a rate of 63.50 per share, executed by Mr. Nadeem Nisar, a known substantial shareholder.

The transaction, conducted in the ready market, impacts Mr. Nisar's cumulative shareholding, now standing at 5,467,000 shares. This move represents a very large or significant move, as it alters his stake by 9.92%.

According to information available from the Pakistan Stock Exchange (PSX), the nature of this transaction aligns with Section 5.6.4 of PSX Regulations, focusing on disclosure of interest by directors, CEOs, executives, and substantial shareholders, along with their spouses.

Market participants are keenly watching the developments surrounding Sitara Peroxide Limited following this substantial sell-off. As the company updates its records, further implications of this transaction on market dynamics remain under scrutiny.