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

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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.

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