PIL Awaits Sindh High Court Approval for CSF Merger
Established on April 23, 2004, the company specializes in offering a comprehensive range of non-life insurance services.
Karobar
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PICIC Insurance Limited (PSX: PIL) is gearing up for a swift resumption of operations pending approval from the Sindh High Court for its merger with Crescent Star Foods (Pvt.) Limited (CSF), as revealed in PIL's latest progress report released on the local bourse today.
Moreover, subsequent to the recent hearing, the board has been relieved of its responsibilities, and the eagerly anticipated date for the next hearing is pending confirmation.
As of the current update, the company's shares are actively trading at Rs0.95, marking a gain of 10 paisa or 11.77% for the day.
