Karachi: AKD Securities Limited has announced an extension of the acceptance period for Greentree Holdings Limited's public offer to acquire up to 35.147% shares and control of TRG Pakistan Limited. The offer acceptance period, initially set to conclude on April 4, 2025, has been extended to May 5, 2025.

The extension follows an interim order issued by the Honorable High Court of Sindh, as specified in Court Order JCM No.12 of 2025, dated April 10, 2025. AKD Securities Limited, acting as the Manager to the Offer on behalf of the acquirer, has received endorsement to further extend the period, ensuring that shareholders are not deterred from participating in the tender offer due to ongoing court proceedings.

The original acceptance period commenced on March 25, 2025, with a revised ending date initially set for April 15, 2025. This was further extended to April 25, 2025, and now to May 5, 2025. According to information available from the Pakistan Stock Exchange (PSX), this extension aims to provide shareholders with adequate time to consider their participation amidst the legal context.

The market category for this transaction falls under the designated market category. The extension seeks to reassure stakeholders and maintain transparency throughout the acquisition process, aligning with the judicial directives.