LSEVL shares approved as collateral for BMC

MG News | July 06, 2023 at 10:55 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 06, 2023 (MLN): LSE Ventures Limited (PSX: LSEVL) has been granted approval by the PSX towards eligibility of the shares of LSEVL as collateral for the purpose of Base Minimum Capital (BMC), the company’s filing on PSX revealed today.

The aforementioned development is subject to certain proposed amendments to PSX Regulations in relation to various matters particularly to Schedule-1 to Chapter 19 of the PSX Rule.

LSE Financial Services Limited (LSE-FSL) has been demerged into two, LSE Proptech Limited (PSX: LSEPL) and LSE Ventures Limited (LSEVL).

“Pursuant to the above, PSX is proposing consequential amendments to Schedule-1 to Chapter 19 of PSX Rule Book, to provide the shares of surviving entities of LSE which is the successor-in-interest of the surviving entity of LSE be accepted collateral for the purpose of BMC,” the notice issued by PSX on July 4, reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,589.30 39.75M	-0.81% -1335.01
ALLSHR	98,871.77 147.97M	-0.66% -655.11
KSE30	47,886.40 18.59M	-0.88% -427.40
KMI30	233,598.53 23.35M	-0.87% -2038.65
KMIALLSHR	64,181.50 88.83M	-0.78% -501.58
BKTi	44,666.06 6.30M	-1.14% -515.15
OGTi	33,085.83 1.69M	-0.93% -309.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,745.00	81,920.00 81,055.00	290.00 0.36%
BRENT CRUDE	113.62	114.72 112.74	0.45 0.40%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.55 -1.19%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.80 1.24%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	100.30	100.98 98.84	0.83 0.83%
SUGAR #11 WORLD	20.17	20.18 20.02	0.04 0.20%