Supernet Limited has been formally merged into Supernet Technologies Limited following approval from the High Court of Sindh, resulting in the formation of a single listed entity on Pakistan Stock Exchange. The merger designates Supernet Technologies Limited as the surviving company, with all assets, liabilities and operations of Supernet Limited transferred into it. The unified entity will continue operating under the name Supernet Technologies Limited and will trade on the Main Board of PSX under the symbol STL.
As part of the approved capital reorganisation, STL will issue 5.5 million ordinary shares with a face value of Rs 10 each to its existing shareholders, based on a ratio of 11 shares for every one share held. In addition, 101.62 million new shares will be issued to shareholders of Supernet Limited under the agreed share swap arrangement. Following the completion of these issuances, the total paid up share capital of STL will increase to approximately Rs 1.076 billion, representing 107.6 million ordinary shares. The restructuring consolidates the group’s shareholding framework while aligning ownership interests under a single publicly traded vehicle.
Supernet Limited, which was previously listed on the Growth Enterprise Market Board, has established a nationwide footprint in data connectivity and digital infrastructure services, operating in more than 200 cities and towns across Pakistan. Over the years, the company has expanded its portfolio beyond connectivity to include cybersecurity, managed services, Internet of Things solutions and integrated information and communication technology offerings. The consolidation is expected to streamline these operations under one corporate structure, potentially enhancing operational efficiency and financial transparency for investors and stakeholders.
The merger is the latest step in a broader multi year restructuring within the Supernet Group. It follows the acquisition of STL by Telecard Limited, along with Telecard’s majority stake in Supernet Limited. After the merger, Telecard Limited will hold approximately 61.7 percent of the shares in STL, reinforcing its position as the controlling shareholder of the consolidated entity. Market observers note that the unification of the two companies under a single PSX listed platform may improve share liquidity, simplify governance structures and provide a clearer pathway for future expansion within Pakistan’s evolving digital and ICT landscape.
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