Fauji Foundation expresses interest to acquire majority stake in Silkbank Limited

MG News | January 28, 2021 at 01:39 PM GMT+05:00

0:00

January 28, 2021 (MLN): Fauji Foundation (FF) has expressed an interest in acquiring the majority stake in Silkbank Limited.

As a part of the process, Silk bank has been requested to allow Fauji Foundation to conduct due diligence of Silkbank and in this regard, FF intends to apply to the State Bank of Pakistan (SBP) for the approval of the same.

In a notification to Exchange, Silkbank notifies that the Boards of Directors of the bank in its meeting held on today, has subject to the approval of SBP, given its in-principle approval to allow Fauji Foundation to conduct the required due diligence and evaluate the information that will be provided by Silkbank in this regard.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,384.51 274.67M	0.61% 944.82
ALLSHR	95,133.57 856.28M	0.49% 465.41
KSE30	47,466.99 137.10M	0.74% 347.09
KMI30	227,645.22 99.71M	0.67% 1519.50
KMIALLSHR	63,888.06 353.11M	0.50% 319.01
BKTi	41,761.78 72.20M	0.33% 138.95
OGTi	31,619.14 7.57M	0.41% 130.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%