ٹری اسٹار پاور لمیٹڈ (TSPL) نے اسٹاک میں غیر معمولی نقل و حرکت پر مارکیٹ میں ہیرا پھیری کے خلاف پی ایس ایکس کو آگاہ کیا ہے۔ Tri-Star Power Ltd. (TSPL) alerts PSX regarding market manipulation and attempted hostile takeover of its shares.

Tri-Star Power Ltd. (TSPL) has formally responded to the Pakistan Stock Exchange (PSX) regarding the recent unusual movement in the volume of its shares. The company has categorically denied any involvement in such activities and has instead leveled serious allegations against certain entities for market manipulation.

Key Concerns Raised by the Company:

• Hostile Takeover Allegations: TSPL identifies a group of companies—including M/s. Crescent Star Insurance Ltd., M/s. Weavers Pakistan (Pvt) Ltd., M/s. Bawany Air Products Ltd., M/s. KM Enterprises (Pvt) Ltd., and M/s. Pakistan Associated Constructions (Pvt) Ltd.—as being involved in an orchestrated attempt to illegally acquire control of the company.
• Illegal Market Practices: The company alleges that these parties are engaging in Pumping and Dumping, artificial share price inflation, non-disclosure of acting in concert, fraudulent price manipulation, member-to-member financing, and margin trading to influence market conditions.
• Regulatory Violations: TSPL asserts that these actions violate the Companies Act 2017, the Securities Act 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017.

TSPL has requested the PSX to take immediate steps to cease these activities, which the company claims are destabilizing the share price and harming the interests of general shareholders.

Investor Takeaway: The situation reflects significant internal conflict and aggressive regulatory posturing. Investors should monitor further updates from the PSX and the SECP, as this potential hostile takeover attempt and the accompanying allegations of market abuse create a high-uncertainty environment for TSPL shares.