{"id":2514,"date":"2024-03-05T13:32:05","date_gmt":"2024-03-05T13:32:05","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=2514"},"modified":"2024-03-05T13:32:08","modified_gmt":"2024-03-05T13:32:08","slug":"treet-corporation-to-sell-stake-in-tbl","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/treet-corporation-to-sell-stake-in-tbl\/","title":{"rendered":"TREET Corporation to sell stake in TBL"},"content":{"rendered":"\n<p>In a notification sent to the PSX on 05\/03\/2024. Treet Corporation Limited (<strong>TREET<\/strong>) is ready to <strong>sell some of its stake<\/strong> in its subsidiary Treet Battery Limited (<strong>TBL<\/strong>). <\/p>\n\n\n\n<p>The company&#8217;s board announced that it plans to sell an <strong>11.334% stake in TBL<\/strong> by way of the sale of shares in the open market. A reminder here that Treet Battery was recently listed on the PSX at the price of Rs. 10 per share. Its share price rose as high as <strong>Rs. 63.92<\/strong> since listing. This extraordinary rise in share price was also questioned by the PSX and TBL responded by denying any knowledge as to why the share price rose that high.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How will the stake in TBL be sold?<\/h2>\n\n\n\n<p>The<strong> 11.334%<\/strong> stake in TBL will either be sold at the market price on the day of the sale, or through a Negotiated Deals Market(NDM) transaction at a price deemed suitable by the management.<\/p>\n\n\n\n<p>TREET shares were last trading at <strong>Rs. 18.24<\/strong> at market close while TBL shares closed at <strong>Rs. 44.96<\/strong> per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treet Corporation Limited (TREET) is ready to sell some of its stake in its subsidiary Treet Battery Limited (TBL). <\/p>\n","protected":false},"author":8,"featured_media":2515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[83,82],"class_list":["post-2514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-tbl","tag-treet"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/03\/TBL-1000x445.jpg",1000,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/03\/TBL-463x348.jpg",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/03\/TBL-300x168.jpg",300,168,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/03\/TBL.jpg",1000,559,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/2514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=2514"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/2514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/2515"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=2514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=2514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=2514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}