Jazz International Holding Limited has completed its acquisition of TPL Insurance Limited, taking formal control of the company after acquiring a 76.33 percent stake through a share purchase agreement and mandatory tender offer.
In a material information notice submitted to the Pakistan Stock Exchange (PSX), TPL Insurance said the transaction was completed on July 13, 2026, after the acquired shares were formally transferred to Jazz International Holding Limited.
The acquisition follows the proposed transaction first disclosed in April 2026 and gives Jazz majority ownership and control of the insurer.
TPL Insurance said becoming part of the Jazz and VEON ecosystem marks a major milestone in its growth journey. The company said the transaction is expected to strengthen its digital capabilities, expand its distribution network and improve access to technology-driven insurance products across Pakistan.
It added that completion of the transaction marks the beginning of a new chapter, with integration expected to accelerate innovation in Pakistan’s insurance sector through digital platforms and wider customer reach.
Jazz has expanded its presence in recent years through businesses including JazzCash, cloud services, enterprise solutions and digital platforms. The acquisition of a majority stake in TPL Insurance will allow Jazz to enter Pakistan’s insurance market and potentially integrate insurance products with its existing digital ecosystem, supporting the wider growth of embedded financial services in the country.
