Karachi, LSE Ventures Limited (LSEVL) has shared important information regarding the transfer of the undertaking and business of l.SE Financial Services Limited (l.SEFSL) and Data Textiles Limited (DA'IM). The transfer has been approved as per the scheme and will now be vested in LVL.

Furthermore, LSEVL has revealed that the shares of CDC, NCCPL, and PACRA are currently undergoing the approval process from the Securities and Exchange Commission of Pakistan (SECP) for their transfer from LSEFSL to LSEVL. Once the approval is received from SECP, the shares of LSEVL will be credited in the Central Depository System (CDS) of shareholders of LSEFSL based on the approved SWAP ratio.

Investors and stakeholders are eagerly awaiting the completion of the approval process, as it will mark a significant milestone in the reorganization and consolidation efforts of LSEVL. The transfer of the undertaking and business, along with the subsequent share credit, will have a substantial impact on the overall structure and operations of the companies involved.

LSEVL remains committed to transparency and will continue to provide updates on the progress of these transfers and any further developments related to its ventures and business activities.