TPL Insurance Limited (a subsidiary of TPL Corp Limited) announced that the Finnish Fund for Industrial Cooperation Ltd, a Private Limited Company incorporated in Finland, (“Finnfund”), has entered into a Letter of Intent, with TPL Insurance.
Upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund will look to invest in TPL Insurance.
A notification submitted by TPL to the Pakistan Stock Exchange (PSX) on Thursday (1 July) notified it of this development.
Finnish Fund is a major development financier and impact investor that invests in responsible and profitable businesses in developing countries.
Source: Pro Pakistani