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June 8, 2026
ITANZ Technologies has approved a Rs4.344 billion investment to acquire a 51% stake in Australia’s ITANZ Infinity. Shareholders will decide on the deal later this month.
ITANZ Technologies Limited has approved a major overseas investment plan, paving the way for the acquisition of a controlling stake in its Australia-based associated company, ITANZ Infinity Pty Ltd. The decision was approved by the company’s Board of Directors during a meeting held on June 6, 2026, according to a disclosure submitted to the Pakistan Stock Exchange (PSX).
Under the approved proposal, ITANZ Technologies will invest up to 21.857 million Australian Dollars, equivalent to approximately Rs4.344 billion, to acquire a 51% equity stake in ITANZ Infinity Pty Ltd. The transaction is expected to strengthen the company’s international footprint while providing it with majority ownership of the Australian entity once completed.
According to the PSX disclosure, the investment will not be made through a lump-sum payment. Instead, ITANZ Technologies will settle the full amount over five years, allowing the company to spread the financial commitment across multiple years while progressing with the acquisition.
The filing further stated that ITANZ Technologies will become eligible to receive dividends from ITANZ Infinity Pty Ltd from the date the shares are formally transferred. This arrangement is expected to provide the company with access to earnings generated by the Australian business following completion of the share transfer process.
The proposed acquisition remains subject to shareholder approval in accordance with Section 199 of the Companies Act, 2017, which governs investments in associated companies and undertakings. To secure the required consent, ITANZ Technologies has convened an Extraordinary General Meeting (EGM) scheduled for June 27, 2026, at its Lahore office.
Shareholders will have the option to participate either in person or through a video conference facility, enabling broader participation in the decision-making process. Approval at the EGM would allow the company to proceed with the acquisition under the terms endorsed by the board.
If approved and completed, the transaction will give ITANZ Technologies a controlling 51% shareholding in ITANZ Infinity Pty Ltd, increasing its influence over the Australian operation. The move represents a significant strategic investment for the company as it seeks to expand its presence beyond Pakistan and deepen its involvement in international technology ventures.
