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

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

Add Mettisglobal as a Trusted Source on Google

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

Weekly Market Roundup

PSX Closing Bell: Bulls Head for the Exit

First IBL Modaraba plans subsidiary for EV Mobility, Trading

Name	Price/Vol	%Chg/NChg
KSE100	173,886.69 195.81M	-0.85% -1493.18
ALLSHR	104,193.90 1,478.56M	-0.79% -830.04
KSE30	50,762.89 101.57M	-1.61% -833.18
KMI30	248,644.12 78.76M	-1.03% -2588.32
KMIALLSHR	67,289.90 391.02M	-0.79% -536.64
BKTi	47,836.07 30.16M	-1.03% -497.73
OGTi	34,437.26 6.66M	-1.07% -371.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,850.00	76,150.00 75,815.00	-105.00 -0.14%
BRENT CRUDE	97.97	100.83 96.67	-0.32 -0.33%
RICHARDS BAY COAL MONTHLY	127.25	0.00 0.00	-0.50 -0.39%
ROTTERDAM COAL MONTHLY	136.50	137.25 136.50	-0.80 -0.58%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	90.34	92.53 89.07	-0.18 -0.20%
SUGAR #11 WORLD	18.25	18.60 18.13	-0.31 -1.67%