Subsidiaries/Associated Companies


Subsidiary Companies





Digital Custodian Company Limited

Pakistan’s first-ever Multi-Assets’ Servicing Company providing life-cycle management solutions for the digitized financial and real assets. DCCL is the pioneer in the digital issuance, management and book-entry transfers via the smart-ledgers for a variety of assets defined in the NBFC Rules, by providing trustee/custodial/registry/repository functions.






LSE SPAC-I Limited

LSE SPAC-I Limited was incorporated on 20th March, 2025 as the first company of this kind in Pakistan. The Company aims to raise capital through an IPO with Listing at Pakistan Stock Exchange, for the sole purpose of acquiring or merging with an existing company. Not less than 90% of the funds raised through IPO shall be kept in escrow account for acquiring the target company. Remaining 10%, can be used by the SPAC to defray expenses relating to IPO, operating cost, fund the search for a target business and complete the qualifying acquisition.






LSE SPAC-II Limited

LSE SPAC-II is the second SPAC entity established following the introduction of the SPAC regime in Pakistan. The first such entity, LSE SPAC-I Limited, marked the initial implementation of this structure in the domestic capital markets and is expected to complete its IPO in April 2026. LSE SPAC-I was structured with a pre-identified target company at the time of its launch. In contrast, LSE SPAC-II adopts a broader and more flexible investment approach, whereby no Target Company has been identified at the time of the IPO.






Associated Companies





LSE Ventures Limited

LSE Ventures Limited (PSX Ticker: LSEVL) provides growth-stage capital to such companies needing critical financing for bootstrapping their future operations. It invests by way of equity, preference shares and other private financing instruments in emerging companies which are already generating positive cash flows.






LSE Financial Services Limited

LSE Finance Limited (PSX Ticker: LSEFSL) Following the shareholders' decision to surrender the Non-Banking Finance Company (NBFC) license, The Company is currently transitioning toward its new principal line of business, which focuses on investments in a diverse range of real assets and financial instruments, including shares, bonds, stocks, and mutual fund units.