TPL Corp Board Approves Sale of TPL Insurance to Jazz International Holding

TPL Corp Limited has granted final approval for the sale of its subsidiary, TPL Insurance Limited, to Jazz International Holding Limited, the company announced in a notification to the Pakistan Stock Exchange (PSX). The Board of Directors of TPL Corp met on December 17, 2025, and approved the signing of a Share Purchase Agreement with the acquirer, subject to obtaining all necessary regulatory and legal approvals. This development follows an earlier announcement on September 8, 2025, when the board gave in-principle approval for the potential acquisition. The acquirer was initially identified as VEON Group Holding Company Ltd and/or its subsidiaries or associated entities, and was later finalized as Jazz International Holding Limited, according to a December 16, 2025, update by Arif Habib Limited, Manager to the Offer. TPL Corp has assured shareholders that it will provide further updates as the transaction progresses.