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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,514.45 270.58M	2.23% 3683.02
ALLSHR	101,435.11 727.15M	2.12% 2101.39
KSE30	50,579.18 130.90M	2.48% 1222.35
KMI30	242,349.77 110.71M	2.17% 5137.60
KMIALLSHR	65,996.09 380.10M	1.90% 1228.68
BKTi	46,176.73 48.16M	2.68% 1203.71
OGTi	35,670.57 11.87M	2.41% 839.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,965.00	78,275.00 76,655.00	260.00 0.33%
BRENT CRUDE	103.64	109.30 103.40	-1.38 -1.31%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.50 0.44%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.39	102.66 97.16	-0.87 -0.89%
SUGAR #11 WORLD	14.90	15.05 14.78	0.17 1.15%