The Pakistan Stock Exchange (PSX) has announced an open bidding process for 3.03 million shares of ISE Towers REIT Management Company Limited, as per an official notice dated December 31, 2025. The shares were pledged under Base Minimum Capital requirements by a forfeited Trading Right Entitlement certificate holder, and proceeds from the sale will be used to settle approved claims against the defaulting member.
The breakup value of ISE Towers REIT shares is Rs. 22.56 per share as of June 30, 2025. Only eligible entities, including banks, insurance companies, development finance institutions, non-banking finance companies, securities exchanges, and other approved corporate bodies, can participate in the bidding process. Interested bidders must submit sealed bids to the Chief Regulatory Officer of PSX within seven business days, by January 8, 2026.
Each bid should be accompanied by a pay order or bank draft equal to 10 percent of the total bid value as earnest money. The successful bidder must pay the remaining amount within seven business days of demand, or the bid will be canceled, and the earnest money forfeited. The PSX retains the right to reject any or all bids without providing a reason. All applicable taxes, duties, and transfer charges will be the responsibility of the successful bidder.
