SECP registers TPL REIT Fund I as Hybrid REIT scheme

MG News | December 24, 2021 at 10:21 AM GMT+05:00

0:00

December 24, 2021 (MLN): TPL Properties Limited (TPLP) has announced on Friday that the Securities and Exchange Commission of Pakistan (SECP) has approved and registered the REIT scheme namely DCCL Trustee –TPL REIT Fund I, as a Hybrid REIT scheme, the company filing on PSX showed.

Upon approval of the scheme, the company is now aiming to attain financial close shortly.

“We shall keep our shareholders updated with respect to any further updates by making further announcements as and when the transaction progresses,” the notice said.

To recall, on Dec 1, the regulatory authority had accorded its approval for selling the TPLP’s developmental assets to TPL REIT Management Company Limited (TPL RMC), with a target fund size of Rs80 billion to be raised from local and international investors. To note, TPL RMC is a wholly-owned subsidiary of TPLP.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,011.26 202.91M	-2.25% -3500.30
ALLSHR	90,933.96 349.11M	-1.93% -1787.62
KSE30	45,975.85 87.34M	-2.50% -1180.47
KMI30	220,290.57 84.33M	-2.27% -5117.55
KMIALLSHR	59,449.18 202.18M	-1.86% -1128.08
BKTi	42,093.29 29.70M	-2.76% -1193.09
OGTi	31,521.03 8.65M	-2.71% -879.26

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,210.00	68,875.00 65,850.00	-1130.00 -1.65%
BRENT CRUDE	108.91	109.74 99.08	7.75 7.66%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	6.40 6.03%
ROTTERDAM COAL MONTHLY	113.00	114.50 113.00	-0.40 -0.35%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	111.67	113.97 97.50	11.55 11.54%
SUGAR #11 WORLD	14.96	15.50 14.91	-0.33 -2.16%