KARACHI: JS Bank Limited has increased its shareholding in TRG Pakistan Limited to 29.33% after acquiring 81.36 million shares through enforcement of security, according to a filing with the Pakistan Stock Exchange (PSX) on Friday.
The bank acquired 81,358,289 shares at ₨62.92 each, lifting its combined holding with persons acting in concert from 78.62 million shares (14.41%) to nearly 160 million shares.
In a disclosure, Jahangir Siddiqui & Co. Ltd. said it had reviewed the transaction completed on May 21, 2026, by its subsidiary, JS Bank.
JS Bank and its concert parties now control 29.33% of TRG Pakistan after buying 81.36 million shares through enforcement of a security arrangement. That is up from 14.41% before the deal 🧵 pic.twitter.com/E8iomMIhl3
— ProPakistani (@ProPakistaniPK) May 29, 2026
The bank classified the deal as an exempt transaction under Section 109(1)(c) of the Securities Act, 2015, meaning it does not trigger mandatory takeover provisions under Part IX of the act.
JS Bank said the shares were acquired as part of an enforcement of security arrangement and reaffirmed its commitment to complying with all regulatory and disclosure requirements.
TRG Pakistan Limited, a Karachi based venture capital and investment holding company focused on business process outsourcing, technology and telecommunications, reported a net loss of ₨9.05 billion, or ₨16.44 per share, for the quarter ended March 31, 2026. For the nine-month period, its net loss stood at ₨5.3 billion, with a loss per share of ₨8.65.
