Karachi September 8 2022: JS Infocom Limited have acquired 432,158 shares on September 02, 2022 as the period of twelve months for the acquisition is expired.
With this purchase the present holding of JS Group in TRG Pakistan is 69,548,822 shares, which represents 12.75% (“as a group”) of the total issued voting shares of TRG.
TRG Pakistan Limited was incorporated in Pakistan as a public limited company on December 2, 2002 under the repealed Companies Ordinance, 1984. On May 14, 2003 the Company obtained a license from the Securities and Exchange Commission of Pakistan (“SECP”) to undertake venture capital investment as a Non-Banking Finance Company in accordance with the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003 (NBFC Rules). The principal activity of the Company, through its associate, The Resource Group International Limited (TRGIL) is to invest in a portfolio of investments primarily in the Technology, IT enabled services and medicare insurance sectors.
