CCP approves demerger of Allied Rental Modaraba

MG News | August 01, 2022 at 11:59 AM GMT+05:00

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August 1, 2022 (MLN): The Competition Commission of Pakistan (CCP) has conveyed a “No Objection” on the proposed demerger of Allied Rental Modaraba, the company filing on PSX said today.

The management of Modaraba said that it shall update the PSX and certificate holders of the Modaraba on the approvals of other regulatory bodies and fulfillment of other conditions necessary for the proposed demerger scheme.

Earlier on June 27, 2022, the Security Exchange Commission of Pakistan (SECP) approved the demerger of Allied Rental Modaraba.

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