JS Global Capital Limited (KASE:JSGCL) agreed to acquire 51% of stake in EFG Hermes Pakistan Limited (KASE:EFGH) from EFG-Hermes Holding S.A.E (CASE:HRHO) on January 17, 2023. As on January 23, 2023, The transaction has been approved by the Board of JS Global Capital. The acquisition in question is subject to the requisite regulatory approvals from the Pakistan Stock Exchange, subject to satisfactory results of due diligence and commercially acceptable valuations, negotiations and pricing, Competition Commission of Pakistan and the Securities and Exchange Commission of Pakistan (SECP). Next Capital Limited acted as financial advisor to JS Global Capital.

JS Global Capital Limited (KASE:JSGCL) cancelled the acquisition of 51% of stake in EFG Hermes Pakistan Limited (KASE:EFGH) from EFG-Hermes Holding S.A.E (CASE:HRHO) on July 10, 2023.