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TRG's small shareholder gets stay against $55m inflow

Summary by The Express Tribune
A small shareholder of TRG Pakistan has obtained a stay order from Islamabad High Court that restrained Greentree Holdings from purchasing a significant further stake in TRG. Greentree Holdings, the largest shareholder of TRG Pakistan with a 29.7% stake, had launched on January 15 a tender offer for a further 35.1% shareholding in TRG Pakistan, representing foreign exchange inflows of $55 million into the country. Book closure for the tender too…

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The Express TribuneThe Express Tribune

TRG's small shareholder gets stay against $55m inflow

A small shareholder of TRG Pakistan has obtained a stay order from Islamabad High Court that restrained Greentree Holdings from purchasing a significant further stake in TRG. Greentree Holdings, the largest shareholder of TRG Pakistan with a 29.7% stake, had launched on January 15 a tender offer for a further 35.1% shareholding in TRG Pakistan, representing foreign exchange inflows of $55 million into the country. Book closure for the tender too…

·Pakistan
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Business RecorderBusiness Recorder

Greentree Holdings’ $52 Million TRG Pakistan share purchase faces legal challenge

A legal challenge has temporarily halted an approximately $52 million (PKR 14.4 billion) foreign exchange inflow...

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Day News TVDay News TV

Court Halts Greentree Holding’s Acquisition of TRG Shares

The Islamabad High Court (IHC) has blocked Greentree Holding from acquiring TRG Pakistan shares, citing legal violations and market dominance concerns. The ruling, issued on February 26, 2025, follows objections from the Securities and Exchange Commission of Pakistan (SECP) and the Competition Commission of Pakistan (CCP), which raised alarms over compliance with the Companies Act and potential threats to fair competition. Legal Concerns Trigger…

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AUGAFAUGAF

Court Stops Greentree Holding From Buying TRG Shares

Islamabad February 26 2025: Islamabad High Court has stopped Greentree Holding Limited from acquiring any shares in furtherance of the Public Announcement of offer made on 15th January, 2025. Earlier, Greentree holding announced to acquire up to 191 million shares constituting 35.15 percent of TRG Pakistan Limited at a price of PKR 75 per share. The petition was filed by Securities and Exchange Commission of Pakistan & Competition Commission of …

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AUGAF broke the news in on Wednesday, February 26, 2025.
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