Bahria Town Announces to Acquire Up To 6,357,437 Ordinary Shares (14.42%) Of Escorts Investment Bank Limited at Offer Price of 15.87/- share

MG News | August 16, 2017 at 03:53 PM GMT+05:00

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AKD Securities on behalf of Bahria Town Ltd. has made a Public offer to acquire up to 14.42% after incorporating the new rules and regulations introduced by PSX for initiating a Public Offer.

The details of order are below:

On behalf of Bahria Town (Private) Limited, a private company limited by shares incorporated under the laws of Pakistan ("Acquirer"), AKD Securities Limited as the Manager to the Offer ('MTO") are submitting herewith a copy of' revised Public Announcement of Offer to Acquire up to 6,357,437 ordinary shares of ESBL constituting approximately 14.42% of the issued share capital of ESBL in accordance with the Securities Act, 2015 ("Securities Act"), Listed Companies (Substantial Acquisition of Voting Shares and Take-Overs) Regulations, 2017 and the NBFC laws.

The complete document is available here.

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