KARACHI: Jazz International Holding Limited has completed the acquisition of a 76.33 percent stake in TPL Insurance Limited, formally taking control of the insurance company following the transfer of shares in its name.
According to a material information notice submitted to the Pakistan Stock Exchange (PSX), the transaction follows the company’s earlier disclosure dated April 20, 2026 regarding the proposed acquisition.
TPL Insurance said that, effective July 13, 2026, Jazz International Holding Limited acquired 76.33 percent of the company’s issued share capital and control through a Share Purchase Agreement executed with TPL Corp Limited, together
with the mandatory tender offer carried out in accordance with applicable laws.
The company informed the exchange that the relevant shares have been duly transferred in the name of the acquirer.
According to the disclosure, the acquisition is expected to strengthen TPL Insurance’s digital capabilities, broaden its distribution channels and expand access to technology-driven insurance solutions across Pakistan.
Copyright Business Recorder, 2026
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