December 26, 2025 (MLN): Crescent Star Insurance Limited (PSX:CSIL) has approved a strategic review of its investment position and plans to activate its technology subsidiary through a proposed joint venture in the digital assets space.

The Board approved, in principle, a review of CSIL’s investment position in SG Power Limited (SGPL) with the objective of optimizing investment returns, according to the company's issued today.

It also approved the activation of Crescent Star Technologies (Private) Limited (CST), a wholly owned subsidiary of CSIL, through a proposed joint venture arrangement with SGPL.

Under the proposed structure, SGPL is expected to acquire a 51% equity stake in CST, while CSIL would retain 49%, subject to regulatory and other necessary approvals.

CST, under the joint framework of CSIL and SGPL, will develop a detailed proposal to seek approval from the Pakistan Virtual Assets Regulatory Authority (PVARA) or other relevant authorities to undertake digital and virtual asset-related activities.

The Board has authorized the Chief Executive Officer and the Company Secretary to carry out preparatory work and submit the required applications.

Copyright