A fully owned subsidiary of Telecard Limited, Supernet Limited, intends to alter its status at the Pakistan Stock Exchange.
Supernet may be moved to the main board of the Pakistan Stock Exchange, the company’s board has agreed, according to a notification sent to PSX (PSX).
A supernetwork, sometimes known as a supernet, is a bigger Internet Protocol (IP) network that is created by joining many smaller networks (or subnets). The constituent networks are represented by the new routing prefix for the aggregate network in a single routing table entry.
Supernetting, prefix aggregation, route aggregation, or route summarization are all terms used to describe the creation of a supernetwork.
In May 2022, Supernet became the first technology firm to list on PSX’s GEM board. To make the transition to the main board, PSX’s paid-up capital requirement must be satisfied.
The rule states that if a SME’s paid-up capital reaches Rs. 200 million or its equity, excluding excess from the revaluation of fixed assets, exceeds Rs. 300 million, the SME must apply for listing on the main board of the Exchange within a year of the rise.
Supernet was established as an Internet service provider and data network operator. It is an industry leader that provides ICT solutions across the country.
To read our blog on “Supernet and Trend Micro Awarded Threat Protection System Project in Pakistan worth PKR 450 Million,” click here.