Karachi: A substantial shareholder of Waves Home Appliances Limited has disclosed the sale of a significant number of shares in the company, according to recent transactions reported under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The disclosure highlights the activity of Waves Corporation Limited, a major stakeholder in the company.

On November 11, 2024, Waves Corporation Limited, identified as a substantial shareholder, executed a sale of 1,000,000 shares at a rate of 7.71 per share. According to information available from the Pakistan Stock Exchange (PSX), this transaction results in Waves Corporation's cumulative holding now standing at 154,500,500 shares, representing 57.67% of the total shares of Waves Home Appliances Limited.

The transaction reflects ongoing share activity within the company, as reported by the PSX, and is part of the required disclosures for significant shareholders and company executives. The PSX Regulation 5.6.4 mandates transparency in such transactions to maintain market integrity and shareholder confidence.