Jazz International to acquire TPL Insurance
MG News | December 16, 2025 at 02:40 PM GMT+05:00
December 16, 2025 (MLN): Jazz International Holding Limited has
officially confirmed its intention of acquisition of shares and control of TPL
Insurance Limited, replaces VEON Group Holding Company Ltd and its affiliates
as the acquiring entity.
Arif Habib Limited, acting as the Manager to the Offer,
submitted the addendum on behalf of Jazz International Holding Limited,
according to the company's statement issued today.
According to the addendum, the acquisition of TPL Insurance
shares and control will now proceed with Jazz International Holding Limited, in
concert with Pakistan Mobile Communications Limited, under the framework of the
Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting
Shares and Takeovers) Regulations, 2017.
The addendum is scheduled to be published in Business
Recorder and Nawa-i-Waqt on December 17, 2025.
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