TRG Pakistan Public Offer Deadline Extended

The public offer to acquire up to 35.147 percent shares and control of TRG Pakistan Limited by Greentree Holdings Limited has seen a further extension in its acceptance period following a directive from the Sindh High Court, AKD Securities Limited (PSX: AKDSL) said in a stock filing on Tuesday. “AKD Securities Limited acting as Manager to the Offer on behalf of the Acquirer, has been endorsed to further extend the close date of the acceptance period under the interim order issued on April 10, 2025. We, therefore, would like to inform that as per the directives of the Honorable High Court of Sindh as per the Court Order JCM No.12 of 2025, the Acceptance Period for the Public Acceptance period has been further extended,” the filing stated. The revised acceptance window will continue to operate on working days between 9:00 AM and 5:00 PM. The extension aims to ensure that shareholders are not discouraged from participating in the tender offer due to the ongoing court proceedings, the filing added.