Crescent Star Foods to merge with PICIC Insurance

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MG News | April 04, 2025 at 09:59 AM GMT+05:00

April 04, 2025 (MLN): Crescent Star Foods (Pvt.) Limited (CSF) is set to merge with PICIC Insurance Limited (PSX: PIL).

The petition for approval of the Scheme of Arrangement was filed in 2017 before the Sindh High Court, where it is still pending approval.

Following the company's submission of a modified scheme, the court has directed that the modified scheme be approved by the shareholders.

The company will resume operations once the Scheme of Arrangement is approved.

Copyright Mettis Link News

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