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

TRG Saga: US Court Hands Victory to Zia Chishti

Pakistan's trade deficit widens 64% MoM to $4.5bn in June

PSX Closing Bell: Stays on the Front Foot

Name	Price/Vol	%Chg/NChg
KSE100	184,520.96 423.48M	0.26% 470.86
ALLSHR	111,273.74 986.42M	0.44% 483.91
KSE30	55,083.19 197.44M	0.25% 138.98
KMI30	261,314.51 141.59M	0.26% 679.64
KMIALLSHR	71,698.64 555.80M	0.45% 320.42
BKTi	51,680.94 85.40M	0.11% 56.48
OGTi	37,287.90 17.12M	0.93% 345.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,760.00	0.00 0.00	105.00 0.17%
BRENT CRUDE	71.61	71.92 70.14	0.04 0.06%
RICHARDS BAY COAL MONTHLY	107.50	0.00 0.00	0.30 0.28%
ROTTERDAM COAL MONTHLY	121.00	121.40 119.50	1.90 1.60%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	68.46	68.80 67.04	-0.12 -0.18%
SUGAR #11 WORLD	14.81	15.17 14.81	-0.18 -1.20%