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

PSX Closing Bell: Wins by a Nose

PTL FY26 profit triples to Rs1.3bn

IPAK unveils next-gen sustainable films at 3P Pakistan 2026

Name	Price/Vol	%Chg/NChg
KSE100	175,328.82 259.37M	0.23% 399.13
ALLSHR	106,442.83 871.95M	0.22% 236.26
KSE30	52,294.83 70.59M	0.21% 109.76
KMI30	250,239.14 117.86M	0.27% 676.97
KMIALLSHR	68,844.23 590.83M	0.27% 185.40
BKTi	49,072.93 17.11M	0.20% 97.65
OGTi	35,769.80 17.60M	0.71% 253.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,040.00	82,515.00 78,830.00	-2040.00 -2.49%
BRENT CRUDE	96.07	96.57 93.15	0.55 0.58%
RICHARDS BAY COAL MONTHLY	126.75	0.00 0.00	1.10 0.88%
ROTTERDAM COAL MONTHLY	138.45	138.45 136.80	2.75 2.03%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.34	92.17 88.72	0.04 0.04%
SUGAR #11 WORLD	18.02	18.48 17.92	-0.05 -0.28%