PTCL approves binding offer for majority stake acquisition

Pakistan Telecommunication Company Limited (PTCL) has approved the submission of a binding offer for the acquisition of a majority stake in an unnamed listed and paid-up ordinary share capital target company.

 

In a notice submitted to the Pakistan Stock Exchange (PSX), PTCL said its Board of Directors, at a meeting held on July 30, 2026, approved the proposed transaction, subject to the successful conclusion of negotiations, completion of due diligence, execution of definitive transaction documents, and receipt of all required corporate, regulatory and statutory approvals.

 

The company said the proposed consideration and other commercial terms remain under discussion and no definitive agreement has been executed at this stage.

 

PTCL added that it will keep the PSX informed of any material developments regarding the proposed acquisition in accordance with applicable regulatory requirements.