June 24, 2026 (MLN): Shares of TPL Corp Limited may stay in focus after the company announced that an international investment group has expressed interest in acquiring a majority stake in its subsidiary, TPL Trakker Limited. The move could bring a sizeable foreign investment into Pakistan’s technology and telematics sector.
In a notice to the Pakistan Stock Exchange (PSX) today, TPL Corp said the transaction is subject to corporate and regulatory approvals, completion of due diligence, negotiations with the selling shareholders, and the execution of definitive agreements.
The company did not disclose the identity of the prospective investor, the size of the proposed stake, or the valuation of the deal.
TPL Trakker is a leading provider of tracking, telematics, and Internet of Things (IoT) solutions in Pakistan, serving clients in fleet management, vehicle tracking, and digital mobility.
The announcement reflects renewed foreign interest in Pakistan’s technology sector amid generally modest merger and acquisition activity.
TPL Corp said it will keep shareholders informed of any material developments as the transaction progresses.
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