KARACHI: The members/shareholders of Telecard Limited approved entering into Share Purchase Agreement (SPA) with Supernet Infrastructure Solutions (Private) Limited (SIS) for the acquisition of SIS entire shareholding in Hallmark Company Limited i.e. 314,220 shares constituting approximately 62.84 percent of the issued and paid-up capital of Hallmark.

The consummation of Proposed Transactions will be subject to the procurement of all applicable regulatory and corporate approvals as may be required, material information sent to Pakistan Stock Exchange on Monday said.

Copyright Business Recorder, 2023