TPLI to invest Rs200mn in TPL Life Insurance Ltd

MG News | June 14, 2022 at 03:42 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 14, 2022 (MLN): TPL Insurance Limited (TPLI) has decided to make an equity investment of Rs200 million in the associated company TPL Life Insurance Limited, a notice issued to the bourse showed today.

In this regard, the extraordinary general meeting of the company will be held on July 6, 2022, wherein the shareholders approved the aforesaid resolution.

As per the notice, the company is desirous of making an investment in TPL Life Insurance Limited. The equity investment of Rs200 million has been approved/recommended by the Board of Directors of the Company on June 14, 2022.

The investment in TPL Life Insurance Limited would enable TPLI to expand its footprints in the life insurance market. The Company would be able to use TPL Life’s expertise and relationships to grow its non-life business.

TPL Life Insurance Limited is a subsidiary of TPL Corp Limited, the parent company of TPL Insurance Limited. Mr Muhammad Aminuddin, the CEO of TPL Insurance Limited, is a member of the Board of Directors of TPL Life Insurance Limited.

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%