LSE SPAC-I picks up 19% stake in solar firm

MG News | May 12, 2026 at 10:15 AM GMT+05:00

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May 12, 2026 (MLN): LSE SPAC-I Limited (PSX:SPAC1) has paid Rs230 million to acquire a 19.04% equity stake in Ningbo Green Light Energy Limited, a solar energy solutions provider and EPC company in Pakistan.

The payment was made on May 11, 2026, following the company's successful IPO, in line with what had been disclosed in its prospectus.

Ningbo Green Light Energy Limited, also known as NGLE, is partly owned by Ningbo Green Light Energy Group Company Limited and is described as a leading solar energy solutions and EPC firm operating in Pakistan.

The aforementioned information was disseminated through a notification to Exchange.

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