SBP grants approval to TPL Corp, Abhi to acquire FINCA microfinance bank

By MG News | Category Equity | November 12, 2024 at 11:32 AM GMT+05:00

0:00

November 12, 2024 (MLN): The State Bank of Pakistan (SBP) has granted its final approval to TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited for the acquisition of up to 94.8% shareholding in FINCA Microfinance Bank Limited.

The acquisition is subject to compliance with applicable laws, rules, regulations, and terms and conditions of the SBP.

TPL and Abhi are in the process of completing all the requirements relating to the successful consummation of the Acquisition,

Copyright Mettis Link News

Related News

Telecom operator faces Rs22bn tax after FBR ruling on tower deal

Accountability Court protects Bahria Town from illegal coercive action

PSX Closing Bell: Dropped the Mic

Name	Price/Vol	%Chg/NChg
KSE100	124,093.12 371.98M	-0.21% -259.56
ALLSHR	77,106.29 1,018.23M	-0.29% -221.51
KSE30	37,536.69 203.91M	-0.25% -95.15
KMI30	184,370.68 229.97M	-0.57% -1061.53
KMIALLSHR	53,011.14 643.75M	-0.31% -164.22
BKTi	30,369.22 19.62M	0.19% 57.60
OGTi	27,659.36 18.97M	-1.06% -295.77

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,000.00	106,630.00 103,010.00	-3095.00 -2.89%
BRENT CRUDE	74.75	75.32 70.41	5.39 7.77%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-1.50 -1.68%
ROTTERDAM COAL MONTHLY	102.75	102.75 102.30	0.55 0.54%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	73.55	74.35 68.49	5.51 8.10%
SUGAR #11 WORLD	16.26	16.47 16.18	-0.16 -0.97%