Karachi, Crescent Star Insurance Company Limited informed Pakistan Stock Exchange that the management of the Company has been receiving various queries from the stakeholder for update on the status of the merger of its subsidiary Crescent Star Foods (Private) Limited with and into PICIC Insurance Limited. Accordingly the management would like to update on the Same.
Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.
The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.
The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.