Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced its decision not to subscribe to the Right Issue offered by Tasdeeq Information Services Limited (TISL), potentially decreasing its equity stake from 12.84% to 10.81%.

In a meeting held on June 19, 2026, PACRA's Board of Directors convened to consider the subscription proposal extended through TISL’s Offer Letter dated June 11, 2026. The decision was made in accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of Pakistan Stock Exchange Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the Board, after thorough deliberation, resolved by a majority vote not to purchase the additional shares offered. This decision, while maintaining PACRA's involvement with TISL, will lead to a reduction in its ownership percentage.

The development highlights PACRA's strategic priorities in managing its investment portfolio within the designated market category of financial services, without expanding its current stake in TISL.