Apna Microfinance Bank gets SECP clearance for 116m share issue

June 24, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance of 116,055,709 ordinary shares of Apna Microfinance Bank Limited at a par value of Rs10 per share, amounting to Rs1,160,557,090, by way of other than right offer against share deposit money.

The approval was granted by the Commissioner (Securities Market Division) on the basis of a special resolution passed by the shareholders of the bank at an Extraordinary General Meeting held on January 21, 2025.

The shares are to be issued to the following entities and individuals:

The approval is subject to conditions, including that the shares shall be issued in book entry form within 60 days of the approval, the bank shall intimate the Commission and the stock exchange within seven days of issuance, sponsors and associated companies shall retain their shareholding for two years from the date of issuance, while other allottees shall retain their shareholding for six months.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News