JS Bank raises combined holding in TRG Pakistan to over 29% after acquiring additional shares through enforcement of security.
JS Bank Limited has increased its shareholding in TRG Pakistan Limited to more than 29% after acquiring nearly 15% additional shares at Rs62.92 per share, according to information disclosed to the Pakistan Stock Exchange on Friday.
Jahangir Siddiqui & Co. Ltd., in a disclosure submitted through PUCARS, said its subsidiary JS Bank Limited acquired 81.36 million shares, representing a 14.92% stake in TRG Pakistan Limited, on May 21, 2026.
The disclosure stated that the acquisition was carried out through enforcement of security in accordance with Section 109 of the Securities Act, 2015, and Regulation 4 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2012.
“The transaction does not attract Part IX of the Act in terms of Section 109(1)(c) of the Act,” the statement added.
Prior to the latest transaction, JS Bank Limited and persons acting in concert held 78.62 million shares, equivalent to a 14.41% stake in TRG Pakistan.
Following the acquisition, the combined holding of JS Bank and associated parties increased to 159.90 million shares, representing 29.33% of the company’s total issued voting shares.
The development comes as TRG Pakistan reported a sharp deterioration in financial performance. In its results for the quarter ended March 31, 2026, the company posted a loss after tax of nearly Rs9 billion, compared with a loss of around Rs300 million in the corresponding period last year.
The widening losses underscore mounting financial pressures on the company despite continued investor interest in its shareholding structure.
