Escorts Investment Bank receives PAI from AKD Securities to acquire over 50% shares

MG News | March 11, 2022 at 12:19 PM GMT+05:00

0:00

March 11, 2022 (MLN): Escorts Investment Bank Limited has received a notice of Public Announcement of Intention (PAI) to acquire more than 50% shares and control of the Bank from M. Mian Javaid Akhtar, Mr Mohammad Ali Kazmi, and Mr Mian Zeeshan Javaid, a notice issued to bourse showed.

For the aforesaid transaction, AKD Securities has been appointed as Manager to the Offer by acquirers.

Copyright Mettis Link News

Related News

UBL doubles profit to Rs65bn in 1HCY25

Ideal Spinning Mills to exit spinning business

Tribunal upholds CCP’s order against price fixing in household appliances sector

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%