PSX invites bids for 3 million shares of ISE Towers REIT Management Company

Pakistan Stock Exchange (PSX) is inviting bids from companies, institutions, and banks for the purchase of 3,034,603 shares of ISE Towers REIT Management Company Limited (ISE REIT).

These shares were pledged with PSX under the Base Minimum Capital (BMC) requirements by a forfeited TRE Certificate Holder.

Proceeds from the sale will be used to settle approved registered claims against the forfeited TRE Certificate Holder.

As of June 30, 2025, the shares have a break-up value of Rs22.56 per share.

Prospective buyers must meet the shareholding criteria prescribed for Depository and Clearing Companies under the Central Depositories (Licensing and Operations) Regulations, 2016, and Clearing Houses (Licensing and Operations) Regulations, 2016., according to a notice issued by the exchange.

Eligible shareholders include securities exchanges or connected companies, development finance institutions, insurance companies, non-banking finance companies, banks, and corporates providing trading, custodial, clearing, or settlement services in the securities market.

Bids must be submitted in sealed envelopes marked “BIDS FOR PURCHASE OF ISE TOWERS REIT MANAGEMENT COMPANY LIMITED SHARES” and addressed to the Chief Regulatory Officer of PSX.

The deadline for submission is seven business days from the notice, i.e., January 8, 2026.

Each bid should include a Payment Order or Bank Draft of 10% 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, otherwise, the earnest money will be forfeited, and the bid will be cancelled.

PSX reserves the right to reject any or all bids without assigning any reason.

All applicable charges, taxes, stamp duties, and other expenses related to the sale and transfer of shares will be borne by the successful bidder.