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.
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