⚡ Flash Summary
TPL Corp Limited, a substantial shareholder of TPL Properties Limited, sold 500,000 shares on July 10, 2025, at a rate of Rs. 10.89 per share. The shares were in the form of CDS (Central Depository System) and traded in the ready market. Following this transaction, TPL Corp Limited’s cumulative shareholding stands at 196,257,162 shares, representing 34.98% of the company. This transaction will be presented at the subsequent Board meeting for review and compliance under PSX regulations.
📌 Key Takeaways
- 📉 TPL Corp Limited sold 500,000 shares of TPL Properties Limited.
- 🗓️ The transaction occurred on October 7, 2025.
- 💰 The sale price was Rs. 10.89 per share.
- 💽 Shares were in CDS form.
- ✔️ The transaction occurred in the ready market.
- 📊 Post-transaction, TPL Corp holds 196,257,162 shares.
- ⚖️ This represents 34.98% of total shareholding.
- 📢 The transaction will be presented in the upcoming Board meeting.
- 📜 This includes a review for compliance with PSX regulations (clause 5.6.4).
- 🏢 Shayan Mufti, Company Secretary, confirmed the transaction.
- 🏢 TPL Properties Ltd. is located in Karachi, Pakistan.
- 🌐 More information available at www.tplproperty.com.
🎯 Investment Thesis
SELL, given the substantial shareholder’s decision to reduce their stake. This could signal a lack of confidence in the company’s future performance or an alternative investment opportunity for TPL Corp Limited. Increased selling pressure may result from this transaction. Price target: Rs. 9.50, Time horizon: 6 months.
Disclaimer: AI-generated analysis. Not financial advice.