Karachi: In a noteworthy development for the financial sector, ZTP (Private) Limited has successfully acquired 7,952,584 Modaraba certificates of First IBL Modaraba. This acquisition, dated May 6, 2026, represents approximately 36.67% of the paid-up Certificate Capital of the Modaraba, marking a substantial shareholding in the entity.
The acquisition was disclosed in compliance with the Securities Act, 2015, specifically under Section 110, and aims to inform regulatory authorities and stakeholders of this strategic investment. The move signals ZTP’s intent to enhance its position within the financial market category.
According to information available from the Pakistan Stock Exchange (PSX), the acquisition by ZTP (Private) Limited constitutes a significant move, highlighting the company’s strategic focus on expanding its investment portfolio within the Modaraba sector. This transaction reflects a calculated approach by ZTP to strengthen its influence and presence in the financial market.
The disclosure of this acquisition is intended to ensure transparency and compliance with regulatory requirements, underscoring ZTP’s commitment to adhering to legislative mandates while pursuing growth opportunities.