EFU Life Assurance scraps planned acquisition of Waada Digital

According to Profit, EFU Life Assurance has dropped its plan to buy the entire share capital of Waada Digital (Private) Limited, with both sides agreeing to end the deal. The insurer informed the PSX on October 12, 2026 that its board had called off the transaction by mutual consent. No reasons for the cancellation were given in the disclosure.

The board had first weighed the potential purchase on June 29, 2026, when the deal still hinged on due diligence, talks, final agreements and required corporate and regulatory clearances. The latest filing makes clear that the acquisition will not go ahead, so the earlier conditions no longer apply.

EFU Life works in life insurance, covering ordinary life policies, pension funds and accident and health cover. The insurer was formed in August 1992 and began operations in November that year. Its parent is EFU General Insurance Limited.