Karachi: The Board of Directors of LSE Capital Limited has approved significant corporate actions in a meeting held at the company's registered office on July 5, 2024.

The board approved the second term sheet for the complete disinvestment of its equity shares in Ensmile Limited. The company will sell its remaining 50% equity stake, totaling 2,525,000 shares at a rate of Rs. 71.29 each, to other sponsors of Ensmile Limited. This transaction is scheduled to close by December 31, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the board also greenlit new investments pending satisfactory due diligence and the signing of definitive agreements. These investments include up to 500,000 Canadian dollars for acquiring up to a 20% equity stake in a joint venture with InfoTech Pakistan. This venture aims to fully acquire a Canadian-based software company that develops sovereign tax software solutions, pending approval from the State Bank of Pakistan.

Additionally, LSE Capital plans to invest up to PKR 150 trillion in a convertible equity facility in a leading online gaming company in Pakistan.

These strategic decisions are part of LSE Capital Limited's broader effort to diversify its investment portfolio and enhance shareholder value. Certificate Holders of the Exchange have been informed of these developments.