Karachi: TPL Corp Limited has announced the final approval for the acquisition of shares and control of its subsidiary, TPL Insurance Limited, by Jazz International Holding Limited. This decision was confirmed at a board meeting held on December 17, 2025, at 11:00 a.m. The move marks a significant step in the strategic realignment and expansion efforts of TPL Corp Limited.

The acquisition, initially announced on September 08, 2025, had previously identified the acquirer as VEON Group Holding Company Ltd and/or its subsidiaries. However, it has since been finalized under Jazz International Holding Limited, as stated in a subsequent announcement by Arif Habib Limited on December 16, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the transaction will be formalized through a Share Purchase Agreement. The completion of this agreement is contingent upon securing all necessary approvals as mandated by applicable laws. TPL Corp Limited has committed to keeping its shareholders updated with further developments as the transaction moves forward.

The announcement underscores TPL Corp's ongoing efforts to streamline its operations and enhance its market positioning within the financial sector. Stakeholders have been advised to stay informed through subsequent communications regarding the progress of the transaction.