Karachi: The Pakistan Stock Exchange (PSX) has announced an invitation for bids from companies, institutions, and banks for the acquisition of 3,034,603 shares in ISE Towers REIT Management Company Limited (ISE REIT). These shares, previously pledged under the Base Minimum Capital requirements by a forfeited TRE Certificate Holder, are now available for purchase as part of a settlement for approved claims against the holder.
The shares of ISE REIT, as of June 30, 2025, have a break-up value of PKR 22.56 per share. According to information available from the Pakistan Stock Exchange (PSX), the proceeds from this sale will be directed towards satisfying registered claims linked to the forfeited certificate holder.
Prospective buyers must adhere to specific criteria for shareholding in ISE REIT, as outlined under the regulations for Depository and Clearing Companies and Clearing Houses. Eligible entities include securities exchanges or connected companies, development finance institutions, insurance companies, non-banking finance companies, banks, and corporate bodies involved in trading, custodial, clearing, or settlement services in the securities market.
Bidders are required to submit their offers in sealed envelopes marked “BIDS FOR PURCHASE OF ISE TOWERS REIT MANAGEMENT COMPANY LIMITED SHARES,” addressed to the Chief Regulatory Officer of PSX. These bids must be received by January 08, 2026. Additionally, bidders must include a Payment Order or Bank Draft of 10% of the total bid value as earnest money.
The successful bidder will be required to fulfill the remaining financial obligations within seven business days of receiving a demand notice. Failure to comply will result in the forfeiture of the earnest money and cancellation of the bid. PSX reserves the right to reject any or all bids without providing justification.
Any expenses related to the sale or transfer of shares, including charges, taxes, and stamp duties, as imposed by relevant governmental bodies, will be borne by the successful bidder. For further inquiries, interested parties may contact the Regulatory Affairs Division of PSX.