Bawany Air Product lifts Crescent Star Insurance stake to 12.76%
What's the deal? Bawany Air Product LimitedDealroom has a profile for this one. Try Dealroom → bought 4,667,000 shares in Crescent Star Insurance LimitedDealroom has a profile for this one. Try Dealroom → at PKR 5.00 each, according to a disclosure to the Pakistan Stock Exchange dated August 17, 2026. The purchase, made on August 12, 2026, lifts Bawany Air Product's total holding to 18,968,031 shares, or 12.76% of the company.
Why now? The transaction was reported under PSX Regulation 5.6.4, which requires connected persons to disclose dealings in a company's shares. It was executed through the Central Depository Company under the Negotiated Deal Market.
The signal: The larger stake marks a shift in Crescent Star Insurance's ownership structure, with implications for company control and market dynamics.
Read more: Pakistan Company News
Image credit: ota_photos
