Karachi: TPL Corp Limited, a substantial shareholder in TPL Insurance Limited, has executed significant share transactions, increasing its cumulative shareholding in the company. According to a disclosure of interest filed under clause 5.6.4 of the Pakistan Stock Exchange (PSX) regulations, TPL Corp Limited executed two separate transactions, purchasing a total of 1 million shares.

The transactions were carried out on June 11 and June 16, 2025, with each involving the purchase of 500,000 shares at a rate of 10 Pakistani Rupees per share. The shares were acquired through the Central Depository System (CDS) under the Non-Deliverable Market (NDM) category. This move bolsters TPL Corp Limited's cumulative shareholding in TPL Insurance Limited to 104.89 million shares, representing a 52.87% stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), these transactions will be presented at the forthcoming Board meeting of TPL Corp Limited, where any potential non-compliance issues will be addressed as required under the relevant PSX regulations.

The current transactions signify a moderate move in TPL Corp Limited's holdings, reflecting the company's increasing interest and investment in TPL Insurance Limited. The disclosure of these transactions underscores the transparency required by the PSX regulations for listed companies and their substantial shareholders.