Karachi: TVVF Holding L.L.C-FZ, fully owned by Dr. Salomon Jacobus Van Rooijen, has acquired a substantial stake in ZIL Limited, marking a significant transaction in the Pakistan Stock Exchange's (PSX) designated market. According to information available from the Pakistan Stock Exchange (PSX), TVVF Holding has secured 5,194,514 shares, translating to 84.84% of ZIL Limited's total voting shares.

The shares were acquired at a rate of PKR 297.50 per share through a Share Purchase Agreement with New Future Consumer International General Trading L.L.C, also owned by Dr. Van Rooijen. Prior to this acquisition, TVVF Holding did not hold any shares in ZIL Limited. The total shareholding now stands at 51,194,514 shares, which constitutes 84.84% of the issued voting shares of the company.

The acquisition, finalized on May 12, 2025, is exempt from certain regulatory requirements under Section 109(1)(h)(iii) of the Securities Act, 2015, necessitating only reporting obligations. TVVF Holding, incorporated on April 22, 2024, in the United Arab Emirates, is registered with the number 2418145. The company's authorized share capital is composed of 1,000 shares, each valued at AED 100.

Dr. Salomon Jacobus Van Rooijen, who resides at Palm Jumeirah, Dubai, is both the sponsor and director of TVVF Holding. He also holds a position as a nominee director on the board of ZIL Limited, representing the acquirer, with passport number BXCK16078. This transaction does not involve any persons acting in concert with the acquirer.