Muhammad Ghayasuddin, Sikander Mahmood, Ahmad Kamal, Master Manak Chand, Ali Asghar Nanji and Junaid Shehzad Ahmed agreed to acquire 74.05% stake in Trust Securities & Brokerage Limited (KASE:TSBL) from Emirates Investments Group L.L.C. and Emirates Global Investment Ltd. on January 23, 2017. Under the terms, the buyers will acquire 7.4 million shares. In a related transaction, Muhammad Ghayasuddin, Sikander Mahmood, Ahmad Kamal, Master Manak Chand, Ali Asghar Nanji and Junaid Shehzad Ahmed agreed to make an offer to acquire 12.98% stake in Trust Securities & Brokerage Limited (KASE:TSBL). Sikander Mahmood, Ahmad Kamal and Junaid Shehzad Ahmed entered into the share purchase agreement to acquire 74.05% stake in Trust Securities & Brokerage Limited from Emirates Investments Group L.L.C. and Emirates Global Investment Ltd. for PKR 42.6 million on February 1, 2017. Sikander Mahmood, Ahmad Kamal and Junaid Shehzad Ahmed will acquire 5.4 million, 1 million and 1 million shares respectively. The shares will be acquired at PKR 5.75 per share. As of June 9, 2017, the transaction was approved by Securities and Exchange Commission of Pakistan.