Cordoba Logistics Injects Rs. 49.9 Million in Newly Formed Private Subsidiary

Cordoba Logistics & Ventures Limited (PSX: CLVL) has announced the incorporation of a wholly owned subsidiary, Cordoba PE Management Limited (CPML), following regulatory approval from the Securities and Exchange Commission of Pakistan (SECP).

According to a stock filing at the Pakistan Stock Exchange, the SECP granted CLVL a “Permission Order” on February 10, 2025, allowing the company to establish a Non-Banking Finance Company under the name Cordoba PE Management Limited. The new entity will operate as a Private Equity and Venture Capital Fund Manager, subject to regulatory compliance.

CLVL has now injected Rs. 49.999 million as equity capital into CPML in exchange for 4,999,996 shares, representing a 99.99% ownership stake. This confirms CPML’s status as a wholly owned subsidiary of CLVL.