SECP approves demerger of Allied Rental Modaraba

MG News | June 27, 2022 at 03:21 PM GMT+05:00

0:00

June 27, 2022 (MLN): The Security Exchange Commission of Pakistan (SECP) has approved the demerger of Allied Rental Modaraba, the company’s notice to Exchange said today.

“SECP has conveyed their “No Objection” on the proposed demerger of Allied Rental Modaraba”, the notice read.

The management of Modaraba said that it shall update the PSX and certificate holders of the Modaraba on the approvals of other regulatory bodies and fulfilment of other conditions necessary for the proposed demerger scheme.

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