Live Breaking News & Updates on Alpha Beta Capital Markets
Stay updated with breaking news from Alpha beta capital markets. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TPL Corporation acquires additional stake in TPL Properties dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
TPL Corp acquires stake January 13, 2021 KARACHI: TPL Corp has acquired an additional stake in TPL Properties, the tech giant’s emerging real-estate property development arm, a statement said on Tuesday. With a 51 percent stake post-acquisition, TPL Corp and its sponsors have become the majority shareholders in TPL Properties, it added. According to the notice on Pakistan Stock Exchange, TPL Corp acquired 17 million shares for Rs12/share from the Alpha Beta Capital Markets (Private) Limited. The announcement comes four years after TPL Properties’ Initial Public Offering in June 2016. Ali Jameel, CEO of TPL Corp, said: “This strategic acquisition shows our relentless support to the ....