Adamjee Insurance Company Limited (PSX: AICL) has announced plans to offload 16.25 million shares, equivalent to 6.5 percent of its stake, in its subsidiary Adamjee Life Assurance Company Limited (ALIFE) through off-market transactions on the PSX Portal.
In a stock filing submitted to the Pakistan Stock Exchange today, the company stated that the decision was made during a board meeting held on June 20, 2025, in order to comply with the free-float requirements outlined under Clause 5.4.1 of PSX regulations.
Following the transaction, AICL’s shareholding in ALIFE will reduce to 208.75 million shares, representing 83.5 percent of ALIFE’s paid-up capital, down from the current 90 percent (225 million shares).