PICIC Insurance updates on merger progress in quarterly report
PICIC Insurance Limited (PSX:PIL) has received approval from the Sindh High Court for the Modified Scheme of Arrangement concerning the merger of Crescent Star Foods (Private) Limited with and into the company.
July 09, 2026 (MLN): PICIC Insurance Limited (PSX:PIL) has received approval from the Sindh High Court for the Modified Scheme of Arrangement concerning the merger of Crescent Star Foods (Private) Limited with and into the company. The court's order, dated April 16, 2026, and passed in J.C. Misc. No. 45 of 2017, paves the way for the merger, subject to completion of all legal and procedural formalities, the company...