Supernet Limited has officially approved a strategic merger with its sister concern, Supernet Technologies Limited (STL), marking a significant move toward operational consolidation and enhanced shareholder value in Pakistan’s technology sector.
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The merger was greenlit during a board meeting held on May 27, 2025, following an earlier announcement in January where Supernet indicated its intent to explore this unification.
As per the approved Scheme of Arrangement, Supernet’s entire business — including its assets, liabilities, and operations — will be absorbed by STL. In exchange, Supernet shareholders will receive 1.68 STL shares for every 1 Supernet share held. Approximately 101.6 million new STL shares are expected to be issued as part of the transaction.
Upon completion of the merger, Supernet Limited will be dissolved without undergoing a formal winding-up process and subsequently de-listed from the Pakistan Stock Exchange (PSX).
The merger is subject to several legal and regulatory approvals, including the High Court of Sindh in Karachi. A draft Scheme of Arrangement, prepared in accordance with the Companies Act, 2017, will be submitted to relevant authorities for review.
The primary objective of the merger is to consolidate resources, eliminate operational redundancies, and create a more agile, growth-oriented technology enterprise. The unified entity will be better positioned to capitalize on opportunities in Pakistan’s rapidly evolving communications and technology landscape.
Supernet has stated that the Scheme will be shared with shareholders and the PSX in the coming weeks, following all required legal and procedural steps.
