TPLI acquires Pakistani branch of NHIC

MG News | September 22, 2023 at 11:54 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 22, 2023 (MLN): The acquisition of the net assets of the Pakistani Branch of New Hampshire Insurance Company (NHIC) by TPL Insurance Limited (PSX: TPLI) has been sanctioned by the Honorable High Court of Sindh vide an Order dated September 13, 2023, TPLI’s filing on the local bourse revealed today.

By virtue of the sanctioning of the Scheme of Arrangement, the net assets of NHIC's Pakistan Undertaking (comprising those of the Pakistan Branch) have now been amalgamated with, transferred to, and vested in TPLI.

The company has issued this notice in continuation of the disclosure made on May 26, 2023.

TPLI is owned 73.38% by TPL Corp Limited (PSX: TPL).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,685.00	63,700.00 63,430.00	25.00 0.04%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%