PROJECT

Projects

Summary of Investment Information

Project Number

50741

Company Name

DEODAR PRIVATE LIMITED

Date SPI Disclosed

Jan 28, 2026

Country

Pakistan

Region

Middle East

Projected Board Date

Feb 28, 2026

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 6, 2026

Department

Regional Industry INF MCT

Industry

Telecommunications and Technology

Previous Events

Approved : Mar 13, 2026
Signed : Apr 20, 2026
Invested : Jun 3, 2026

Sector

Engineering Services

Project Description

 Engro Corporation Limited (“Engro” or the “Company”) has entered into an Amalgamation Agreement with Pakistan Mobile Communications Limited (“PMCL”), for a total arrangement of US$ 562.7mn, under which 100% shareholding of PMCL’s wholly owned subsidiary, Deodar Private Limited (“Deodar”), will vest under Engro Connect Private Limited (“Transaction”). IFC has been invited to provide a loan facility of up to US$ 30mn and mobilize additional debt financing to partly fund Engro’s acquisition of Deodar (“the Project”).                                                  

Associated Advisory Engagement

                                           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation