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

By 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

VIS reaffirms entity ratings of Habib Bank Ltd

MARI completes tax recovery on 800% bonus shares following court order

GCIL, MARI sign term sheet for gas processing project

Name	Price/Vol	%Chg/NChg
KSE100	127,696.08 249.63M	1.65% 2068.76
ALLSHR	79,501.95 715.84M	1.17% 917.24
KSE30	38,885.54 85.17M	1.92% 731.76
KMI30	186,733.84 102.46M	1.00% 1847.35
KMIALLSHR	54,148.79 398.79M	0.72% 384.98
BKTi	32,901.58 39.94M	3.07% 979.90
OGTi	27,897.44 5.89M	0.44% 123.46

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,565.00	108,105.00 107,040.00	-670.00 -0.62%
BRENT CRUDE	66.78	66.93 66.34	0.04 0.06%
RICHARDS BAY COAL MONTHLY	97.00	0.00 0.00	0.20 0.21%
ROTTERDAM COAL MONTHLY	103.80	103.80 103.80	-3.45 -3.22%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.13	65.27 64.67	0.02 0.03%
SUGAR #11 WORLD	16.13	16.21 16.12	-0.07 -0.43%