RMS Limited extends offer deadline for 57.96% stake in ESBL by 90 days

MG News | February 14, 2024 at 03:29 PM GMT+05:00

0:00

February 14, 2024 (MLN): RMS (Private) Limited has extended its offer to acquire 119,279,077 shares, representing 87.96% of the total issued and paid-up capital of Escorts Investment Bank Limited (PSX: ESBL), by 90 days.

Accordingly, the time for making the public announcement of the offer in respect of the transaction is extended till May 12, 2024.

This information was disseminated by Arif Habib Limited (PSX: AHL), who is acting as the manager of the offer.

The notice further reveals that both the parties in this transaction are still in the negotiation phase and working towards achieving an acceptable solution.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,528.10 29.09M	0.34% 544.02
ALLSHR	98,548.17 121.61M	0.36% 358.23
KSE30	49,305.30 7.89M	0.29% 143.94
KMI30	231,481.24 11.84M	0.28% 651.43
KMIALLSHR	63,951.34 41.96M	0.34% 219.26
BKTi	44,091.02 1.99M	0.28% 125.25
OGTi	31,618.69 1.23M	0.05% 15.99

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,395.00	88,770.00 87,475.00	-780.00 -0.87%
BRENT CRUDE	63.10	63.36 63.03	-0.27 -0.43%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.30	96.30 96.30	1.00 1.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.62	58.96 58.54	-0.22 -0.37%
SUGAR #11 WORLD	14.85	14.96 14.70	0.07 0.47%