Karachi: ZTP (Private) Limited has announced a recent acquisition, securing a substantial shareholding in First MI Modaraba. According to the company, a total of 7,952,584 Modaraba certificates have been acquired, equating to approximately 36.67% of the paid-up certificate capital of First MI Modaraba. This strategic move marks a significant development for ZTP (Private) Limited in the financial sector.
The acquisition was disclosed on May 6, 2026, in accordance with the Securities Act, 2015. The company emphasized its commitment to maintaining transparency and compliance with Section 110 of the Act. This disclosure aims to effectively inform the relevant regulatory authorities and stakeholders about the acquisition and its implications.
According to information available from the Pakistan Stock Exchange (PSX), the acquisition of 7,952,584 Modaraba certificates by ZTP (Private) Limited is seen as a strategic investment move. This step underscores the company’s intent to strengthen its presence and influence in the Modaraba sector.
ZTP (Private) Limited’s acquisition of a 36.67% stake in First MI Modaraba signifies a major development within the designated market category. The strategic acquisition is expected to have implications for the company’s future operations and influence within the Modaraba sector.