CLVL injects nearly Rs50m into subsidiary CPML via 5m share allotment

MG News | June 03, 2025 at 12:33 PM GMT+05:00

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June 03, 2025 (MLN): Cordoba Logistics & Ventures Limited (PSX: CLVL) has injected equity of Rs49.99 million against the allotment of 4.9m shares (i.e., 99.99%) in Cordoba PE Management Limited (CPML), a wholly owned subsidiary of CLVL, following the incorporation of CPML.

This follows the issuance of a "Permission Order" by the Securities and Exchange Commission of Pakistan (SECP), the company's filing on PSX revealed today.

The order grants CLVL permission to establish a non-banking finance company under the name and style of Cordoba PE Management Limited.

The company is authorized to carry out private equity and venture capital fund management services.

This authorization is subject to compliance with the regulatory requirements outlined in the permission order and applicable laws.

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