ZTP (Private) Limited has announced the acquisition of 7,952,584 Modaraba certificates of First IBL Modaraba, representing approximately 36.67% of the Modaraba’s paid-up certificate capital.
According to the company’s official disclosure submitted to the Pakistan Stock Exchange (PSX), the acquisition establishes ZTP as a significant shareholder in First IBL Modaraba and reflects the company’s strategic investment objectives.
The disclosure was made in compliance with the requirements of Section 110 of the Securities Act, 2015, ensuring that relevant regulatory authorities, investors, and stakeholders are informed of the substantial shareholding change.
The investment marks an important development for both organizations, as ZTP strengthens its position within the financial and investment sector through a considerable ownership interest in First IBL Modaraba.
Company representatives stated that the acquisition aligns with ZTP’s long-term investment strategy and demonstrates confidence in the future prospects of First IBL Modaraba.
The notification was formally submitted to the Pakistan Stock Exchange and other relevant stakeholders as part of the company’s regulatory obligations regarding significant share acquisitions.
