EFU Life Assurance Limited considers acquisition of Waada Digital

EFU Life Assurance Limited is considering the potential acquisition of Waada Digital (Private) Limited, according to a notice submitted to the Pakistan Stock Exchange on Monday. 

The company said its Board of Directors approved consideration of the potential acquisition at a meeting held on June 29, 2026.

EFU Life said the contemplated transaction remains subject to due diligence, negotiation and execution of definitive transaction documents.

The company added that the transaction would also require all applicable corporate and regulatory approvals before it can be completed.

The disclosure was submitted under Section 96 and Section 131 of the Securities Act, 2015, and Regulation 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited.

EFU Life also said a disclosure required under SRO 143(1)/2012 dated December 5, 2012, read with Section 96 and Section 131 of the Securities Act, 2015, had been enclosed as Annexure-A to the letter.

EFU Life Assurance Limited was incorporated as a public limited company on August 9, 1992, under the repealed Companies Ordinance, 1984, now the Companies Act, 2017. The company began operations on November 18, 1992.

It is engaged in the life insurance business, including ordinary life, pension fund, accident and health segments. EFU Life is a subsidiary of EFU General Insurance Limited.