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RMS Limited to acquire 87.96% shares of Escorts Investment Bank

ESBL rejects RMS Limited's bid to acquire majority stake
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August 15, 2023 (MLN): Escorts Investment Bank Limited (PSX: ESBL) has received a notice of public Announcement of Intention (PAI) from Arif Habib Limited, Manager to the Offer on behalf of RMS (Private) Limited to acquire up to 87.96% shares of the company, ESBL's filing revealed on Monday.

ESBL is a public limited company incorporated in Pakistan under the provisions of the repealed Companies Ordinance, 1984 (Now the Companies Act, 2017) on 15 May 1995. 

The company is licensed to carry out investment finance services, as a Non-Banking Finance Company under Section 282-C of the Companies Ordinance, 1984, and Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003.

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Posted on: 2023-08-15T09:25:03+05:00