Lahore: A significant transaction in the energy sector has been finalized with the acquisition of 1,900,441 ordinary shares of Lalpir Power Limited, according to information disclosed on June 30, 2026. This transaction involves several key stakeholders and marks a prominent shift in the company's shareholding structure.

The shares, collectively referred to as the "Monnoo Shares," are part of a broader transaction under a Share Purchase Agreement (SPA). The buyers, including Pakgen Limited, Nishat Mills Limited, Nishat Chunian Power Limited, and Lalpir Limited, have undertaken to acquire these shares from members of the Monnoo family and other related shareholders. The transaction details reveal that Pakgen Limited is set to acquire 618,294 shares, Nishat Mills Limited will take on 305,906 shares, Nishat Chunian Power Limited will acquire 568,574 shares, and Lalpir Limited, previously Lalpir Power Limited, will acquire 407,667 shares.

The Monnoo family members involved in the sale include Mr. Wisal Monnoo, Mr. Mohammad Adil Monnoo, and Mr. Zulfikar Monnoo, among others. Each share is priced at 9,800 Pakistani Rupees. The sale agreements were primarily dated November 17, 2025, with all transactions being conducted electronically.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition is part of a strategic move by the purchasers to consolidate their holdings in the energy sector. The transaction reflects a concerted effort by these companies to enhance their market presence and operational capabilities within the designated market category.

This development marks a notable transition in the ownership and control dynamics of Lalpir Power Limited, with implications for both the company and the broader energy market in Pakistan.