JS Bank lifts stake in TRG Pakistan to 29.33% after PKR 5.12 billion share acquisition

JS Bank Limited has significantly increased its stake in TRG Pakistan Limited after acquiring an additional 14.92% shareholding, taking the JS Group’s cumulative holding in the company to 29.33%, according to a regulatory filing submitted to the Pakistan Stock Exchange.

The filing stated that JS Bank acquired 81.35 million shares of TRG Pakistan on May 21, 2026, at a price of PKR 62.92 per share. The transaction was valued at approximately PKR 5.12 billion.

JS Bank said the acquisition was carried out through the enforcement of security, under which pledged shares were executed. The bank added that the transaction falls under the exemption provided in Section 109(1)(c) of the Securities Act, 2015, and is therefore not subject to a mandatory tender offer requirement.

Prior to the transaction, JS Bank and its persons acting in concert collectively held 14.41% of TRG Pakistan’s voting shares. Following the acquisition, the combined holding increased to 29.33%, representing nearly 159.98 million voting shares.

According to the filing, JS Bank now holds the largest shareholding in TRG Pakistan with 105.94 million shares. Other notable shareholders include Jahangir Siddiqui & Co. Ltd. and JS Infocom Limited, along with other affiliated entities within the JS Group.

Market analysts said the development places the JS Group in a stronger and more influential position regarding TRG Pakistan’s future strategic decisions and voting power, potentially increasing its influence over corporate governance and direction.