Mian Textile approves investment of Rs31mn in Finox Pvt Ltd

MG News | August 23, 2021 at 03:25 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 23, 2021 (MLN): The Board of Directors of Cordoba Logistics & Ventures Limited (Formerly Mian Textile Industries Limited), in its meeting held today, has approved an investment of PKR 31 million in Finox (Private) Limited for the purchase of its 32.5% equity/ordinary shares of the Company.

The above investment is subject to completion of all legal formalities including the execution of a definitive agreement with Finox (Private) Limited, as per the notice sent to PSX.

Finox (Private) Limited is an award-winning capital markets technology firm that provides digital infrastructure solutions for financial institutions and investors. The firm builds cutting-edge Wealth Management, Robo-Advisory, Financial Analytics and Trade Execution Technology by leveraging Artificial Intelligence and Data Science. Leading products of the firm include: Investors Lounge, Pakistan's leading financial analytics terminal and Invest Pro, a white-label financial analytics solution.

The board also appointed Mr. Zeshan Afzal as Chairman of the Board of Directors with effect from 23-08-2021 in place of Ms. Anum Raza.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,805.05 2.22M	-0.90% -1574.82
ALLSHR	104,209.54 9.20M	-0.78% -814.39
KSE30	50,752.38 1.29M	-1.64% -843.69
KMI30	248,365.49 1.10M	-1.14% -2866.95
KMIALLSHR	67,204.09 3.88M	-0.92% -622.45
BKTi	47,877.32 0.43M	-0.94% -456.48
OGTi	34,381.26 0.04M	-1.23% -427.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,920.00	76,525.00 75,225.00	-330.00 -0.43%
BRENT CRUDE	100.39	100.83 98.87	2.10 2.14%
RICHARDS BAY COAL MONTHLY	127.25	127.25 127.00	1.15 0.91%
ROTTERDAM COAL MONTHLY	136.50	138.65 136.50	-1.80 -1.30%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	91.95	92.53 90.89	1.43 1.58%
SUGAR #11 WORLD	18.60	18.87 18.35	0.13 0.70%