April 26, 2023 (MLN): The Board of Directors (BoD) of TPL Insurance Limited (TPLI), a subsidiary of TPL Corp Limited on Wednesday approved the acquisition of operations of a significant insurance player in the Pakistani market by means of a scheme of amalgamation to be sanctioned through the High Court, the company's filing on PSX showed today.
Upon sanctioning of the scheme of the arrangement, the net assets of the Target Company shall stand merged into the TPLI, it added.
It is expected that the scheme of arrangement shall be sanctioned and the transaction consummated by December 31, 2023.
The company shall keep the shareholders apprised of all further developments in the said transaction, the notice read.
Copyright Mettis Link News
Posted on: 2023-04-26T14:24:12+05:00
The post TPL Insurance to acquire major player in Pakistani market through amalgamation appeared first on Mettis Global Link .
Related News
Top Articles
-
![]()
Amazon slammed with £1.1B data abuse lawsuit from UK retailersThe British retailers association also takes aim at Amazon’s “Buy Box,” claiming that Amazon manipulated which retailers were selected for the...
-
![]()
NPS Subscribers Exceed 7.47 Crores, AUM Reaches 12.14 Lakh CroreThe National Pension System (NPS) was introduced for all Central Government employees (excluding armed forces) joining the workforce on or after...
-
![]()
HR Innovations That Will Change the Way You Manage Your TeamImage by drobotdean on Freepik Managing a team is evolving rapidly, thanks to groundbreaking HR innovations. Did you know that 72% of companies...
-
![]()
Black Streaming: Peep These Options And What They CostThere are now more Black-focused streaming services than ever before , some backed by big names and companies like Whoopi Goldberg and BET....
-
![]()
MarsCode: Experience the future of coding with AI assistanceDiscover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and...
-
![]()
Want to Get Smarter? Neuroscience Says 1 Uncomfortable Habit Will Help You Learn Faster and Retain MoreFortunately, the form of discomfort required isn't really uncomfortable at all, especially since you get to choose the form it takes.
-
![]()
Web Development for Startups: Biggest Challenges in 2024In 2024 startups face many challenges that can significantly impact their ability to build and maintain successful web applications. Navigating...
-
![]()
KumoAI: AI for relational dataDiscover more Ai business tools: Best Ai Marketing Tools Best Ai Tools for HR and Recruiting Best Ai Tools for Finance and...
-
![]()
Best National Donut Day freebies and deals 2024: Krispy Kreme, Dunkin’, Shipley, and moreToday (Friday, June 7, 2024) is National Donut Day, celebrated every year on the first Friday of June. The unofficial holiday is over 80 years...
-
![]()
Applications open for Women of Colour Executive ProgramCalling all ambitious Women of Colour in Victoria! Applications are now open for the second year of the Women of Colour Executive Leadership...