Supernet Limited has been merged into Supernet Technologies Limited following approval from the High Court of Sindh, creating a single listed entity on the Pakistan Stock Exchange.
The merger makes Supernet Technologies Limited the surviving company, with all assets, liabilities, and operations of Supernet Limited transferred into it.
The merged entity will continue operating under the name Supernet Technologies Limited and will trade on the Main Board of the PSX under the symbol STL.
As part of the approved capital reorganization, STL will issue 5.5 million ordinary shares of Rs. 10 each to its existing shareholders in a ratio of 11 shares for every one share held.
In addition, 101.62 million new shares will be issued to shareholders of Supernet Limited under the agreed share swap arrangement. Following the issuance, STL’s total paid-up share capital will rise to approximately Rs. 1.076 billion, comprising 107.6 million ordinary shares.
The merger is expected to enhance liquidity, simplify the corporate structure, and create a unified platform for future growth.
Supernet Limited, previously listed on the Growth Enterprise Market Board, has built a nationwide presence in data connectivity and digital infrastructure, with operations spanning over 200 cities and towns. The company has also expanded into cybersecurity, managed services, IoT, and integrated ICT solutions.
The merger follows a multi-year restructuring within the Supernet Group, including Telecard Limited’s acquisition of STL and its majority stake in Supernet Limited.
Post merger, Telecard Limited will hold approximately 61.7 percent stake in STL, strengthening its position as the group’s controlling shareholder.
