First Capital to sell key assets, pump Rs500m into Pace

MG News | February 16, 2026 at 10:07 AM GMT+05:00

0:00

February 16, 2026 (MLN): The board of First Capital Securities Corporation (PSX: FCSC) has approved the sale of a controlling stake in its asset management subsidiary and additional investment in an associated company.

The company plans to dispose of 16.56 million shares, representing about 78.9% of total shareholding, in First Capital Investments Ltd. to a prospective buyer, according to a regulatory filing.

The transaction will be subject to terms approved by the board and necessary corporate clearances.

First Capital Securities also intends to divest loss-making subsidiaries, including First Construction Ltd. and Falcon Commodities (Pvt.) Ltd., as part of efforts to shed underperforming assets.

Separately, the board approved fresh equity investment of up to 500 million rupees in Pace (Pakistan) Ltd., an associated company, through purchases from the open market.

Chief Executive Officer has been authorized to convene an extraordinary general meeting of shareholders and determine book closure dates to seek approvals where required.

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