ADVERTISEMENT
Friday, August 29, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

TPL Corp Acquires an Additional Stake in TPL Properties

News Desk
January 12, 2021
Smart Lockdown Solutions
Share on FacebookShare on Twitter

KARACHI – TPL Corp, Pakistan’s leading tech conglomerate, has acquired an additional stake in TPL Properties, the tech giant’s emerging real-estate property development arm. With a 51% stake post-acquisition, TPL Corp and its sponsors have become the majority shareholders in TPL Properties. 

According to the notice on Pakistan Stock Exchange, TPL Corp acquired 17 million shares at a price of PKR 12 per share from the Alpha Beta Capital Markets (Private) Limited. The announcement comes four years after TPL Properties’ Initial Public Offering in June, 2016. 

Advertisements

Founded in 2007, TPL Properties invests, purchases, develops, sells and leases real estate assets in the commercial and residential asset classes. The Company is penetrating aggressively into the market with multiple development projects in the pipeline. The sale of TPL Properties’ flagship project, Centrepoint, enabled distributable gain on the investment property and opened new avenues for investment. The Company’s ?rst high-end residential project, One Hoshang (LEED Gold Targeting project) is already underway. Sindh’s first Technology Park is also under development by the real estate planner and it will feature a high-end IT infrastructure, catering to world-class tech companies looking for an environment that fosters innovation and collaboration. 

On the occasion, Ali Jameel, CEO TPL Corp commented, “This strategic acquisition shows our relentless support to the Group. It will strengthen TPL’s position as the region’s premier property developer and generate favorable returns for our shareholders and portfolio companies.”

Advertisements
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Indonesian Consulate General in Karachi Encourages Sukkur Entrepreneurs to Participate in Trade Expo Indonesia 2025
Business

Indonesian Consulate General in Karachi Encourages Sukkur Entrepreneurs to Participate in Trade Expo Indonesia 2025

August 28, 2025
Faysal Bank Reports H1 2025 Financial Results Amidst Continued Business Momentum
BANKING

Faysal Bank Reports H1 2025 Financial Results Amidst Continued Business Momentum

August 28, 2025
KSBL and JS Bank Convene Roundtable to Chart the Future of SME  Financing in Pakistan
BANKING

KSBL and JS Bank Convene Roundtable to Chart the Future of SME Financing in Pakistan

August 28, 2025
DIG EAST Police DR. Farrukh ALi, Senior Vice Chairman ABAD Syed Afzal Hameed,
Business

DIG EAST Police DR. Farrukh ALi, Senior Vice Chairman ABAD Syed Afzal Hameed,

August 28, 2025
FPCCI Welcomes Thomas E. Schultze as the Consul General of Germany in Karachi  Atif Ikram Sheikh, President FPCCI
Business

FPCCI Welcomes Thomas E. Schultze as the Consul General of Germany in Karachi Atif Ikram Sheikh, President FPCCI

August 28, 2025
Driving Digital Transformation: CDC Integrates RAAST Aggregator with AKD Securities
BANKING

Driving Digital Transformation: CDC Integrates RAAST Aggregator with AKD Securities

August 28, 2025
UK Scholarships Empower 80 Pakistani Future Leaders to Study at Leading British Universities
Business

UK Scholarships Empower 80 Pakistani Future Leaders to Study at Leading British Universities

August 28, 2025
Celebrating Youm-e-Takbeer: A Momentous Occasion in Pakistan’s History.
Headline

Summer Vacations Extended at BZU Till September 7

August 28, 2025
PSMA (Punjab Zone) spokesman has said that the ex-mill price of sugar has not increased
Headline

Sugar crisis deepens as wholesale markets shut down across Pakistan

August 28, 2025
ATC Sends Imran Khan’s Nephew Shershah on Judicial Remand in Jinnah House Case
Headline

ATC Sends Imran Khan’s Nephew Shershah on Judicial Remand in Jinnah House Case

August 28, 2025
Next Post
JazzCash and KASB Securities join hands to promote retail investment

JazzCash and KASB Securities join hands to promote retail investment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Lahore LGBTQ-themed Event Featuring ‘Satanic’ Imagery Triggers Online Outrage

Binance Holds Over One-Third of Crypto Exchange Market Share in the United States, United Kingdom and Germany.

Ather Iqbal & Irfan Fadoo organized a dinner reception at their residency.

IBA KARACHI’S “MARKA-E-HAQ” FESTIVITIES HONOR THE LEGACY OF “BUNYAN-AL- MARSOOS”

We will live with Covid19 for months. Let’s not deny it or panic: Dr. Faheem Younus

Must Read

CBD PUNJAB JOIN FORCES WITH CHINA MACHINERY ENGINEERING.
Lahore

CBD PUNJAB JOIN FORCES WITH CHINA MACHINERY ENGINEERING.

April 8, 2024
Stakeholders for further promoting TVET practices for youth
Headline

Stakeholders for further promoting TVET practices for youth

March 30, 2022
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.