Karachi, July 15, 2026 – TPL Corp Limited has announced the successful completion of the acquisition of TPL Insurance Limited by Jazz International Holding Limited, marking a significant milestone in Pakistan’s insurance and digital services landscape.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX), Jazz International Holding Limited has acquired 76.33% of the issued share capital and control of TPL Insurance Limited. The transaction was completed on July 13, 2026, following the execution of a Share Purchase Agreement between Jazz International Holding Limited and TPL Corp Limited, along with the completion of a mandatory tender offer under applicable regulations. The relevant shares have now been officially transferred to the acquiring company.
The acquisition follows TPL Corp’s earlier announcements made on April 20, 2026, regarding the proposed sale of its majority stake in the insurance business. With the transaction now finalized, TPL Insurance officially becomes part of the Jazz and VEON ecosystem, opening the door to greater technological integration and digital innovation.
The company believes the new ownership structure will strengthen TPL Insurance’s ability to deliver technology-driven insurance products by leveraging Jazz’s extensive digital infrastructure and nationwide customer reach. The partnership is also expected to enhance distribution channels, improve customer accessibility, and accelerate the development of innovative insurance solutions tailored to Pakistan’s evolving market needs.
The completion of the acquisition represents a new phase in TPL Insurance’s growth strategy, with expectations that the combined strengths of Jazz and VEON will help expand financial inclusion and digital insurance adoption across the country. The company described the transaction as the beginning of a new chapter that positions TPL Insurance for long-term growth and enhanced market competitiveness.
TPL Corp has informed the Pakistan Stock Exchange of the successful completion of the transaction in compliance with Section 96 of the Securities Act, 2015, and the relevant PSX regulations.
