Supernet Limited, a subsidiary of Telecard Limited, has officially merged into Supernet Technologies Limited (STL) following approval from the Sindh High Court. As a result, all assets, liabilities, and operations of Supernet Limited are now part of STL, which will continue to operate as a listed company on the Pakistan Stock Exchange (PSX) under the symbol “STL.”
The merger is part of a broader restructuring within the Supernet Group to consolidate its technology and digital services under one platform. STL will issue new shares to both its existing shareholders and Supernet Limited shareholders, increasing its paid-up capital to around Rs 1.076 billion. Telecard Limited will hold a controlling 61.7% stake in the merged entity.
Supernet Limited, founded in 1995, has been a key provider of nationwide data connectivity and digital infrastructure, with operations in over 200 cities and towns. Over the years, it expanded into cybersecurity, managed services, IoT, and integrated ICT solutions. The merger now brings these operations under STL, streamlining governance and enhancing investor visibility.
High Court of Sindh at Karachi has sanctioned the scheme of arrangement, allowing this important merger to proceed, STL said in a notice to the Pakistan Stock Exchange.
Analysts say this move could strengthen STL’s market presence and operational efficiency, as combining resources and expertise may allow the company to offer more comprehensive digital solutions.
