Karachi: In a significant transaction reported today, Crescent Steel and Allied Products Limited, a substantial shareholder in Altern Energy Limited, has sold a considerable number of shares. This disclosure was made in accordance with the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the revelation of share transactions conducted by directors, CEOs, executives, substantial shareholders, and their associates.

On January 21, 2025, Crescent Steel and Allied Products Limited executed a sale of 166,946 shares at a rate of 21.12 per share. This transaction was conducted through the Central Depository Company (CDC), as per the provided information. Following this transaction, Crescent Steel and Allied Products Limited holds a cumulative total of 60.04 million shares, which represents a 16.52% stake in Altern Energy Limited.

This transaction falls under the designated market category of the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), the sale by Crescent Steel and Allied Products Limited is a noteworthy event, reflecting the company's ongoing portfolio adjustments or strategic considerations.

The disclosure of such transactions is crucial for maintaining transparency in the market, allowing investors and stakeholders to make informed decisions based on the latest developments and activities of key shareholders in major companies.