The Pakistan Stock Exchange (PSX) has invited bids from companies, financial institutions and banks for the purchase of 3.03 million shares of ISE Towers REIT Management Company Limited, according to an official notice issued on December 31, 2025.
The shares were pledged with the PSX under Base Minimum Capital requirements by a forfeited Trading Right Entitlement certificate holder.
Proceeds from the sale will be used to settle approved registered claims against the defaulting member, the exchange said.
According to the notice, the breakup value of ISE Towers REIT shares stands at Rs. 22.56 per share as of June 30, 2025. Only eligible entities, including banks, insurance companies, development finance institutions, non-banking finance companies, securities exchanges and other approved corporate bodies, can participate in the bidding process.
Interested bidders are required to submit sealed bids marked for the purchase of ISE Towers REIT shares to the Chief Regulatory Officer of PSX within seven business days, by January 8, 2026.
Each bid must be accompanied by a pay order or bank draft equal to 10 percent of the total bid value as earnest money.
The successful bidder will be required to pay the remaining amount within seven business days of demand. Failure to do so will result in cancellation of the bid and forfeiture of the earnest money. The PSX has reserved the right to reject any or all bids without assigning any reason.
All applicable taxes, duties, and transfer charges related to the transaction will be borne by the successful bidder, the notice added.