IGI Holdings’ subsidiary to acquire up to 20% stake in Milvik Mobile Pakistan

MG News | April 04, 2022 at 01:17 PM GMT+05:00

0:00

April 04, 2022 (MLN): The board of directors of IGI Investments (Private) Limited, a wholly-owned subsidiary of IGI Holdings Limited (IGIHL) has approved to acquire up to a 20% equity stake in Milvik Mobile Pakistan Limited subject to due diligence, completion of applicable corporate and regulatory approvals and execution of transaction agreements.

According to the notice issued by IGIHL, the transaction will be executed in multiple tranches upon fulfillment of certain conditions.

Milvik Mobile Pakistan Limited is a company engaged in the business of providing consumers with microinsurance products and digital health services and is currently a 100% wholly-owned subsidiary of Milvik AB in Pakistan.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,858.48 232.66M	-0.20% -318.64
ALLSHR	93,385.83 437.37M	-0.25% -237.26
KSE30	47,851.52 125.11M	-0.40% -191.53
KMI30	223,719.09 107.59M	-0.60% -1350.50
KMIALLSHR	60,541.53 227.24M	-0.53% -324.48
BKTi	45,022.52 54.66M	-0.18% -79.74
OGTi	32,464.35 8.69M	-1.99% -658.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,795.00	70,440.00 69,520.00	-400.00 -0.57%
BRENT CRUDE	89.34	92.98 86.24	1.54 1.75%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.20 -9.31%
ROTTERDAM COAL MONTHLY	121.00	0.00 0.00	-0.85 -0.70%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	84.99	88.99 81.79	1.54 1.85%
SUGAR #11 WORLD	14.34	14.53 14.30	-0.04 -0.28%