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Business April 21, 2021 KARACHI: Business process outsourcing company TRG Pakistan is expected to get $142.3 million from selling down stake in a US-based digital insurance agency E-Telequote, an analyst said on Tuesday. Primerica Inc, a Delaware Corporation entered into a share purchase agreement with E-Telequote Limited to acquire 80 percent of its shareholding. The remaining 20 percent stake will be acquired by Primerica over next four years. The deal is expected after July. TRGIL in which TRG Pakistan owns 45 percent is selling its full stake of 70.25 percent in the target company followed by 9.75 percent stake by management of E-Telequote. Implied Equity value of E-Telequote in this transaction is expected to be $450 million, adjusted for net debt of $150 million. The selling parties (TRGIL and management of E-Telequote) will get $345 million cash (and remaining $15 in subordinated note) which is 80 percent of total equity value of $450 million. ....