Karachi: Greentree Holdings Limited has initiated the process to acquire a significant portion of TRG Pakistan Limited shares, marking a pivotal move in the Pakistani financial markets. According to a statement released by AKD Securities Limited on March 24, 2025, offer letters have been dispatched to eligible TRG Pakistan shareholders, outlining the details of the proposed acquisition.

The offer pertains to the acquisition of up to 35.147% of TRG Pakistan Limited's shares, equivalent to 191,690,015 ordinary shares. This move is being conducted in accordance with the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The public announcement of this offer was initially published on January 17, 2025, in the Business Recorder and Nawai Waqt newspapers.

Eligible shareholders have been provided with offer letters and instructions, along with letters of acceptance, to facilitate the process. The acceptance period is scheduled to run from March 25, 2025, to April 4, 2025, during standard business hours from 9 AM to 5 PM on all working days.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition bid is poised to affect the market dynamics significantly, given the shareholding percentage involved. Interested parties are urged to adhere to the specified timelines and contact the undersigned for any needed clarifications.

The designated market category for this acquisition falls under the substantial acquisition of voting shares, a critical component of the financial market operations. Greentree Holdings' interest in TRG Pakistan highlights the ongoing consolidation trends within the industry.