BIPL discontinues transaction of sale of 8 mln shares of BankIslami Modaraba Investments to BRR Investment Limited

MG News | June 08, 2020 at 12:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 8, 2020 (MLN): The BankIslami Pakistan (BIPL) via notification to Exchange has informed that it has discontinued the Proposed Transaction for the sale of 8,000,000 shares of BankIslami Modaraba Investments Limited (BMIL) which represents 100% of the issued and paid up ordinary share capital of BMIL, to BRR Investment Pvt. Limited.

The decision to discontinue transaction taken due to failing to secure the necessary regulatory approvals.

Earlier, the Bank had approved the Proposed Transaction, subject to procurement of all corporate and regulatory approvals and finalization of transaction documentation.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,200.00	64,350.00 63,980.00	-70.00 -0.11%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%