Karachi: Treet Corporation Limited, a substantial shareholder of Treet Battery Limited, has sold a significant number of shares in the company over the course of three days in November 2024, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. This series of transactions involved millions of shares and has implications for the cumulative percentage of shares held by Treet Corporation Limited.

According to information available from the Pakistan Stock Exchange (PSX), the transactions began on November 20, 2024, when Treet Corporation Limited sold 1,920,311 shares at a rate of 15.44 per share. This sale reduced their cumulative number of shares to 772,285,711, representing 87.53 percent of the total shares.

The following day, November 21, 2024, the company sold an additional 10,000,689 shares at a higher rate of 16.46 per share. This transaction brought their cumulative shareholding down to 762,285,022, accounting for 86.39 percent of the total shares.

The series of sales concluded on November 22, 2024, with the sale of 3,374,568 shares at a rate of 17.15 per share. After this transaction, Treet Corporation Limited's cumulative shareholding stood at 758,910,454, which translated to 86.01 percent of the total shares.

These transactions highlight the ongoing changes in shareholding patterns within Treet Battery Limited, as Treet Corporation Limited continues to adjust its stake in the company.