Introduction


The LSE companies, created out of the demerger and repositioning of the successor company of former Lahore Stock Exchange (LSE) have been grouped as LSE Enterprise.

Under the new grouping structure, LSE Capital Limited (LSECL) has been made as the parent company of the three other group companies of LSE Enterprises. In this capacity, LSECL operates Digital Custodian Company, LSE Ventures Limited and LSE Finance Limited. Three of the LSE Enterprise companies, namely LSE Capital Limited (PSX ticker: LSECL), LSE Ventures Limited (PSX ticker: LSEVL) and LSE Finance Limited (PSX ticker: LSEFSL) are publicly traded companies listed on Pakistan Stock Exchange (PSX), while the other technology-focused company - the Digital Custodian Company Limited (DCCL) is operating as an unlisted public company.

LSE Capital principally holds the dual licenses of acting as the Modaraba Management Company as well as that of Consultant to the Issue license. In this capacity, LSE Capital mainly focuses on offering corporate finance, deals advisory (IPOs, FPOs) and mergers & acquisition services.

LSE Enterprises trace their roots to first being established as Lahore Stock Exchange in 1971. After 45 years of operating as a stock exchange, the entity was later converted into a non-banking finance company in 2016 and changed its name to LSE Financial Services Limited (LSE FSL). In 2022, the control of LSE FSL was acquired by a group of value investors, led by Mr. Aftab Ahmad Chaudhry, the former MD/CEO of LSE. He first orchestrated the demerger LSE FSL into three companies during 2023. Later in 2024 another merger and consolidation plan was implemented under which LSE’s property assets holding company-LSE PropTech (which had earlier been carved out of LSE FSL in the course of its demerger), was merged together with Modaraba Al-Mali and its Modaraba Management Company, LSE capital. The combined entity retained the name of LSE Capital and became the parent of all other LSE companies classified as LSE Enterprises.