Crescent Star Insurance gets SECP nod for Right Issue at Rs3/Share

September 26, 2025 (MLN): Crescent Star Insurance Limited (PSX: CSIL) has received approval from the Securities and Exchange Commission of Pakistan for its planned Right Issue at Rs3 per share.

The approval marks a key milestone in CSIL’s strategy to strengthen its capital base and support sustainable growth, the company's filing on PSX revealed today. 

Proceeds from the Right Issue will be used to boost the company’s underwriting capacity, expand business lines, and build further on its existing foundation.

This development comes on the heels of a favorable ruling by the Islamabad High Court, which declared unlawful the directives that had earlier ceased CSIL’s Guarantee business. With the restoration of this segment, the company emphasized its focus on compliance, responsible governance, and portfolio diversification to mitigate reliance on any single class of business.

CSIL’s share performance has also gained renewed momentum on the Pakistan Stock Exchange which reflects rising investor confidence.

Coupled with its plan to acquire SG Power Limited under the Takeover Ordinance, the insurer said it is now well-positioned to capture future opportunities and deliver long-term value to shareholders.

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