Air Link moves to list Select Technologies on PSX
“Air Link has approved an IPO plan for its subsidiary Select Technologies and intends to seek a PSX listing after regulatory approvals.”
Key points
- Air Link has approved an IPO plan for its subsidiary Select Technologies and intends to seek a PSX listing after regulatory approvals.
- The step is aimed at unlocking value and supporting the group’s technology expansion strategy.
Air Link Communication Limited has announced plans to take its wholly owned subsidiary, Select Technologies Limited, to the stock market through an initial public offering. The company told the Pakistan Stock Exchange that its board had approved the move, subject to regulatory clearances and legal requirements.
As part of the process, Air Link has appointed Arif Habib Limited as consultant to the issue and lead manager. The planned listing signals an effort to raise capital and create a separate public-market platform for the subsidiary.
The company said the move aligns with its broader technology expansion strategy. Air Link, headquartered in Lahore, operates across the import, export, distribution and retail of smartphones, tablets, accessories and other IT-related products and services in Pakistan.
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