Greentree Holding Buys Additional 4.8 Million Shares of TRG Pakistan

Greentree Holding Buys Additional 4.8 Million Shares of TRG Pakistan

Greentree Holding buys additional 4.8 million shares of TRG Pakistan

Greentree Holdings Limited, a subsidiary of TRG International, acquired PKR 4,848,506 for PKR 120.86 per voting share from TRG Pakistan on September 26, 2022, according to the company’s IPO.

As a result of this acquisition, Greentree Holding’s overall ownership in the Company is 118.22 million shares, representing 21.67% of the Company’s total voting shares, as its previous ownership in the Company was 113.37 million shares.

Greentree Holdings Limited is a special purpose vehicle (SPV) and a subsidiary of TRG International (TRGIL). This SPV was formed to acquire shares in TRG Pakistan from the market, use the proceeds from the sale of its shares in E-Telequote (a subsidiary of TRGIL) and maximize value and return on investment for its shareholders.

TRG Pakistan Limited was incorporated in Pakistan on 2 December 2002 under the Companies Act 1984 which was repealed as a public limited company. On May 14, 2003, the Company was granted a license to invest in venture capital as a non-banking finance company pursuant to the Incorporation and Regulations by the Securities and Exchange Commission of Pakistan (“SECP”). , 2003 (NBFC Rules).

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The Company’s main business, through its subsidiary The Resource Group International Limited (TRGIL), is investing in an investment portfolio primarily in the technology, IT services, and health insurance sectors.

Greentree Holding buys additional 4.8 million shares of TRG Pakistan