CSIL acquires voting shares in TSPL

MG News | January 22, 2025 at 11:12 AM GMT+05:00

0:00

January 22, 2025 (MLN): Crescent Star Insurance Limited (PSX: CSIL) acquired voting shares of Tristar Power Limited (PSX: TSPL) on January 20, 2025, at a rate of Rs6.45 per share.

As a result of the acquisition, CSIL now holds a total of 2.2 million shares in Tristar Power Limited, which represents 14.69% of the total issued voting shares of the company, the company's filing on PSX revealed today.

This is an increase from their previous holding of 2.07mn shares.

CSIL was incorporated in Pakistan as a Public Limited Company in the year 1957 under the Companies Act, 1913 (now the Companies Act, 2017).

The Company is engaged in providing non-life general insurance services mainly in spheres of Fire and property damage, Marine, aviation and transport, Motor, Credit & suretyship, Accident & health and Miscellaneous.

TSPL was incorporated in Pakistan, as a public limited company on November 14, 1990, under the Companies Ordinance, 1984.

The principal activity of the company is manufacturing and sale of electricity.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,174.49 344.20M	1.01% 1836.37
ALLSHR	110,725.47 802.30M	1.02% 1116.66
KSE30	56,462.88 128.04M	0.96% 535.72
KMI30	261,050.23 116.63M	1.37% 3522.37
KMIALLSHR	71,230.99 382.91M	1.23% 862.76
BKTi	53,229.04 40.62M	1.01% 532.20
OGTi	38,590.42 18.06M	1.28% 488.37

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,560.00	84,945.00 81,210.00	160.00 0.19%
BRENT CRUDE	69.83	70.21 67.79	0.24 0.34%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.95	99.00 98.95	0.00 0.00%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.74	66.11 63.64	0.32 0.49%
SUGAR #11 WORLD	14.26	14.71 14.15	-0.44 -2.99%