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TRG Pakistan to Put its Liquid Assets Under SPV

Karachi: According to our sources, TRG Pakistan Ltd. announced on Monday that it will place its portion of TRG International’s liquid assets under a special purpose vehicle (SPV) in order to offer shareholders with “value, benefit, and liquidity.”

Read: Reasons to Invest in Eighteen Islamabad

A regulatory filing indicates that the SPV held by TRG International will regularly acquire TRG Pakistan’s stock from the market.

TRG Pakistan owns 45 percent of TRG International, which recently sold E-Telequote, one of its businesses. Consequently, TRG Pakistan has received an influx of dollars equivalent to its stake in TRG International.

The publicly traded company informed investors on December 10 that its subsidiary in the United States had approved the release of liquid assets to shareholders, resulting in a $120 million inflow.

Read: Profitable Business Ideas in Pakistan with Small Investment in 2022

TRG Pakistan’s liquid assets include $10 million in deferred cash. In addition, the company will receive 5.4 million publicly traded shares of portfolio company Ibex Ltd.

According to Arif Habib Ltd., TRG Pakistan has the option of redeeming in full or in part a portion of TRG International’s liquid assets (cash or a specified number of Ibex Ltd shares) or continuing to invest in TRG International.

Read: 10 Factors Affecting Real Estate Market

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