PIL anticipates operations restart upon Sindh High Court's nod for CSF Merger

MG News | January 03, 2024 at 12:20 PM GMT+05:00

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January 03, 2024 (MLN): PICIC Insurance Limited (PSX: PIL) is set to resume operations once the Sindh High Court approves its merger petition with Crescent Star Foods (Pvt.) Limited (CSF), according to PIL's latest progress report issued on the local bourse today.

Additionally, following the last hearing, the board has been discharged, and the next hearing date is awaited.

The company was incorporated on April 23, 2004, and is engaged in providing all classes of non-life insurance business.

At the time of writing, the company's share is being traded at Rs0.95, up by 10 paisa or 11.77% on the day.

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