Lahore: Waves Corporation Limited, a substantial shareholder in Waves Home Appliances Limited, has recently executed a series of transactions involving the sale of its shares, as disclosed under PSX Regulation 5.6.4. According to a report dated June 4, 2026, these transactions were conducted over a span of four days in May.
The first transaction occurred on May 18, 2026, where Waves Corporation Limited sold 783,440 shares at a rate of 7.79 per share. This sale resulted in a cumulative holding of 130.80 million shares, representing 48.82% of the company’s shares.
Subsequent transactions included a sale of 650,000 shares on May 20 at a rate of 7.73 per share, decreasing their cumulative shareholding to 130.15 million shares, or 48.58%. On May 21, another 650,000 shares were sold at a rate of 7.80 per share, further reducing the cumulative stake to 129.50 million shares, equating to 48.34%. The final transaction on May 22 involved the sale of 325,308 shares at a rate of 7.70, resulting in a cumulative shareholding of 129.18 million shares, amounting to 48.22%.
The market activity surrounding these transactions has been noted as a moderate move in terms of percentage change in the company’s shares. According to information available from the Pakistan Stock Exchange (PSX), these transactions align with regulatory requirements for disclosures by substantial shareholders and related parties.
This series of transactions highlights the ongoing adjustments in the shareholding pattern of Waves Home Appliances Limited, reflecting the strategic decisions of its substantial shareholder, Waves Corporation Limited.