Karachi: Treet Corporation Limited, a substantial shareholder in Treet Battery Limited, has executed multiple significant share transactions in the company, according to recent disclosures under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions involved the sale of millions of shares over a span of several days, resulting in a notable change in the shareholder's cumulative holdings.

On November 14, 2024, Treet Corporation Limited sold 15,755,372 shares at a rate of 15.05 per share. Following this transaction, the cumulative number of shares held by Treet Corporation Limited was reduced to 782,697,375, representing 88.71% of the company's shares.

The subsequent transaction took place on November 15, 2024, when Treet Corporation Limited sold an additional 2,013,051 shares at a rate of 15.79 per share. This sale further decreased their cumulative holdings to 780,684,324 shares, accounting for 88.48% of the total shares.

On November 18, 2024, the company carried out another sale, this time involving 5,016,343 shares at a rate of 15.59 per share. This transaction brought Treet Corporation Limited's cumulative shareholding down to 775,667,981 shares, which is 87.91% of the shares in Treet Battery Limited.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect strategic decisions by Treet Corporation Limited as it adjusts its equity position in Treet Battery Limited. The sales have been executed through the Central Depository Company (CDC) under the ready market category.