Jahangir Siddiqui & Co. Ltd. (JSCL) has informed the Pakistan Stock Exchange (PSX) of a significant share acquisition by its subsidiary, JS Bank Limited, in TRG Pakistan Limited.<\/p>\n
According to the disclosure, JS Bank acquired 81,358,289 shares of TRG Pakistan Limited on May 21, 2026, representing approximately 14.92% of the company’s issued share capital. The acquisition was completed at a price of Rs. 62.92 per share through the enforcement of security.<\/p>\n
The announcement was made in accordance with the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The company stated that the transaction does not trigger the provisions of Part IX of the Securities Act under Section 109(1)(c).<\/p>\n
Jahangir Siddiqui & Co. Ltd. subsequently communicated the development to the Pakistan Stock Exchange as material information for investors and market participants.<\/p>\n
The acquisition marks a notable development in TRG Pakistan’s shareholder structure and highlights JS Bank’s growing strategic position in the company. Market participants will be closely monitoring any future disclosures regarding the stake and its potential impact on TRG Pakistan’s governance, operations, and shareholder dynamics.<\/p>\n
Investors are advised to review official company filings and stock exchange announcements for further details regarding the transaction and any subsequent developments.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jahangir Siddiqui & Co. Ltd. (JSCL) has informed the Pakistan Stock Exchange (PSX) of a significant share acquisition by its subsidiary, JS Bank Limited, in TRG Pakistan Limited. According to the disclosure, JS Bank acquired 81,358,289 shares of TRG Pakistan Limited on May 21, 2026, representing approximately 14.92% of the company’s issued share capital. The […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[91],"tags":[49],"class_list":["post-153","post","type-post","status-publish","format-standard","hentry","category-jahangir-siddiqui-co-ltd-jscl-psx","tag-material-information","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=153"}],"version-history":[{"count":2,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/153\/revisions"}],"predecessor-version":[{"id":155,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/153\/revisions\/155"}],"wp:attachment":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}