SBP allows MCB to conduct due diligence for acquiring 55% shares of Telenor Microfinance Bank

News Image

MG News | February 21, 2022 at 12:09 PM GMT+05:00

0:00

February 21, 2022 (MLN): The State Bank of Pakistan (SBP) has granted in-principal conditional approval to MCB to conduct due diligence for a potential transaction for the purchase of 55% shares of Telenor Microfinance Bank Limited held by Telenor Pakistan BV, the bank’s filing on PSX showed on Monday.

To note, Telenor Pakistan BV is operating under the brand name Easypaisa.

The Board of Directors of MCB had already, in its meeting held on October 27, 2021, accorded its in-principle approval to conduct due diligence for the potential transaction.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,180.94
423.57M
0.51%
796.43
ALLSHR 95,690.82
1,354.89M
0.59%
557.25
KSE30 47,714.39
199.12M
0.52%
247.40
KMI30 229,722.09
134.66M
0.91%
2076.87
KMIALLSHR 64,420.07
581.33M
0.83%
532.01
BKTi 41,969.52
122.61M
0.50%
207.74
OGTi 31,991.76
10.82M
1.18%
372.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 115,530.00 116,415.00
115,215.00
-45.00
-0.04%
BRENT CRUDE 67.49 67.68
67.01
0.05
0.07%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.15 93.50
93.15
0.30
0.32%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.40 63.55
62.89
0.10
0.16%
SUGAR #11 WORLD 16.05 16.10
15.85
0.05
0.31%

Chart of the Day


Latest News
September 16, 2025 at 04:21 PM GMT+05:00

PSX Closing Bell: Looking Green


September 16, 2025 at 04:13 PM GMT+05:00

PKR strengthens 0.85 paisa against USD


September 16, 2025 at 03:53 PM GMT+05:00

NICL's profit doubles to Rs2bn, declares 20% dividend


September 16, 2025 at 02:31 PM GMT+05:00

Pakistan BCI decreases by 2.1 points in September



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg