TBL reported insider trnsaction worth Rs 37 million

In a notification sent to the PSX on 15/05/2024, Treet Battery Limited (TBL) reported a transaction by a substantial shareholder.

The transaction was carried out by Treet Corporation Ltd, which is a substantial shareholder.

They sold a total of 1,326,000 shares of the company at a price of Rs. 28.07 per share. The total amount for this transaction stands at Rs. 37,220,820.

An insider selling stock in a company can sometimes be interpreted as a signal by investors. It may indicate the insider’s view on the company’s prospects or other strategic considerations.

TBL shares were last trading at Rs. 26.15 today.