Merger of Crescent Star Foods with PICIC Insurance Approved
Summary
High Court approves merger of Crescent Star Foods with PICIC Insurance, subject to regulatory compliance and formalities.
Kind of disclosure: Other
Read the original filingKey facts
- Merger approved by High Court
- Order dated 2026-04-16
- Crescent Star Foods merges with PICIC Insurance
- Subsidiary status for PICIC
- Pending regulatory and procedural requirements
- Multiple approvals needed
- Issuance of 7.9 billion ordinary shares
- PICIC Insurance Limited
- Objective to enhance shareholder value
- Strategic proposals under evaluation
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Source: Crescent Star Insurance Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.