International investor eyes majority stake in Pakistan’s TPL Trakker

An international investor has shown interest in buying the majority shares of TPL Trakker Limited, a subsidiary of TPL Corporation Limited, with TPL Holdings (Private) Limited serving as its ultimate parent company. “We are pleased to inform you that an international investment group has expressed its interest in acquiring majority shareholding stakes in TPL Trakker Limited, a subsidiary of TPL Corp Limited,” TPL Corp said in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “This intention remains subject to requisite corporate and statutory/regulatory approvals, due diligence, negotiations with sellers, and execution of definitive agreements,” it added.