JS Bank Limited has increased its holding in TRG Pakistan Limited after acquiring an additional 14.92% stake. This move raises the JS Group’s total ownership in the company to 29.33%, according to a filing submitted to the Pakistan Stock Exchange.
The bank disclosed that it purchased 81.35 million shares of TRG Pakistan on May 21, 2026. The shares were bought at a price of PKR 62.92 each. As a result, the total transaction value reached around PKR 5.12 billion.
JS Bank explained that the shares were acquired through the enforcement of security. These were pledged shares that were executed under agreed terms. Moreover, the bank stated that the transaction qualifies for exemption under Section 109(1)(c) of the Securities Act, 2015. Therefore, it does not require a mandatory tender offer.
Before this deal, JS Bank and its associated entities held 14.41% of TRG Pakistan’s voting rights. After the acquisition, the combined stake rose sharply to 29.33%. This now represents nearly 159.98 million voting shares in total.
According to the filing, JS Bank has emerged as the largest shareholder in TRG Pakistan. It now holds 105.94 million shares directly. In addition, Jahangir Siddiqui & Co. Ltd. and JS Infocom Limited remain key stakeholders within the broader JS Group structure.
Market observers say this development strengthens the JS Group’s position in TRG Pakistan. It may also increase its influence over future corporate decisions. Furthermore, it could play a key role in shaping governance and strategic direction going forward.
