Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

BOP buys Punjab Capital Securities from FPJM for Rs85.49m

BOP is on its way to set up its own Exchange Company
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

July 05, 2023 (MLN): First Punjab Modaraba (PSX: FPJM) has sold its 100% shareholding in a wholly owned subsidiary namely Punjab Capital Securities (Pvt) Limited to The Bank of Punjab (PSX: BOP) at a price of Rs85.487 million, the company's filing on the bourse showed.

BOP is the parent bank of FPJM.

FPJM is a perpetual, multi-purpose, and multi-dimensional modaraba and is primarily engaged in the business of ijarah, musharika and morabaha financing, equity investment, and other related business in accordance with the injunctions of Islam.

Copyright Mettis Link News

Posted on: 2023-07-05T14:39:32+05:00