PICIC Insurance Limited: Merger with Crescent Star Foods Approved
Summary
Sindh High Court approves merger of Crescent Star Foods with PICIC Insurance, issuing 7.9B new shares to enhance shareholder value.
Kind of disclosure: Partnership/JV
Read the original filingKey facts
- Merger with Crescent Star Foods approved
- 7.9B new shares issued
- Scheme of Arrangement approved by Sindh High Court
- 2026-04-16
- Regulatory and procedural formalities pending
- Necessary for merger completion
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Source: PICIC 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.