TPL Corp, Abhi Ltd receive SBP’s approval to explore FINCA Microfinance Bank acquisition

10:10
December 19, 2023

December 19, 2023 (MLN): The State Bank of Pakistan (SBP) has granted its approval to TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited to initiate the due diligence process for FINCA Microfinance Bank Limited, TPL’s filing on local bourse revealed today.

This due diligence is a crucial step toward a potential acquisition by TPL and Abhi of a majority shareholding in the bank.

The Proposed Transaction will remain subject to the outcome of the due diligence, obtaining

requisite internal and regulatory approvals and entering into definitive documentation.

“TPL shall keep the PSX apprised of all further developments in the said transaction,” the notice concludes.

It is worth mentioning that the principal activity of the TPL is to make investments in groups and other companies.

Copyright Mettis Link News

Posted on: 2023-12-19T10:03:42+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.15000	278.35000	278.35000	278.15000	03:02 PM
2	EUR	1.07540	1.07566	1.07566	1.07540	05:07 PM
3	GBP	1.25060	1.25080	1.25080	1.25060	05:07 PM
4	CHF	0.90820	0.90880	0.90880	0.90820	05:07 PM
5	JPY	154.68200	154.69200	154.69200	154.68200	05:07 PM
6	CAD	1.37250	1.37300	1.37300	1.37250	05:07 PM
7	AUD	0.65962	0.66013	0.66013	0.65962	05:07 PM
8	INR	83.51000	83.51050	83.51050	83.51000	05:04 PM
9	SAR	3.75040	3.75060	3.75060	3.75040	02:07 AM
10	AED	3.67280	3.67310	3.67310	3.67280	02:07 AM
11	HKD	7.82170	7.82180	7.82180	7.82170	05:07 PM
12	CNH	7.22329	7.22744	7.22744	7.22329	05:07 PM
13	CNY	7.21810	7.21920	7.21920	7.21810	11:59 PM
14	THB	36.85000	36.87000	36.87000	36.85000	05:06 PM
15	MYR	4.73550	4.74050	4.74050	4.73550	05:21 AM
16	IDR	16,063.90000	16,078.50000	16,078.50000	16,063.90000	05:03 PM
17	SGD	1.35400	1.35500	1.35500	1.35400	05:07 PM
18	NZD	0.59966	0.60078	0.60078	0.59966	05:07 PM
19	MXN	16.88490	16.91490	16.91490	16.88490	05:07 PM
20	TRY	32.26710	32.27710	32.27710	32.26710	05:07 PM
21	SEK	10.84610	10.85510	10.85510	10.84610	05:07 PM
22	ZAR	18.49140	18.52140	18.52140	18.49140	05:07 PM
23	NOK	10.90180	10.90780	10.90780	10.90180	05:07 PM
24	DKK	6.93460	6.93560	6.93560	6.93460	05:07 PM
25	ARS	880.76100	880.77100	880.77140	880.76140	05:06 PM
26	BDT	108.09700	111.44000	111.44030	108.09681	07:19 AM
27	BHD	0.37699	0.37711	0.37711	0.37699	02:02 AM
28	BRL	5.07140	5.07440	5.07440	5.07140	05:06 PM
29	KRW	1,358.53000	1,360.53000	1,360.53000	1,358.53000	05:03 PM
30	KWD	0.30739	0.30749	0.30749	0.30739	02:02 AM
31	LKR	296.50200	303.00400	303.00357	296.50234	07:19 AM
32	OMR	0.38485	0.38497	0.38497	0.38485	02:02 AM
33	QAR	3.64500	3.64700	3.64700	3.64500	02:06 AM
34	RUB	91.28000	91.30000	91.30000	91.28000	12:24 PM
35	AFN	70.00000	72.00000	72.00000	70.00000	10:34 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	12:13 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	12:35 PM
39	UZS	12,680.00000	12,730.00000	12,730.00000	12,680.00000	12:46 PM
40	PHP	57.15100	57.27200	57.27200	57.15100	05:03 PM
42	NGN	1,388.50000	1,389.50000	1,389.50000	1,388.50000	12:32 PM
43	KES	132.50000	134.50000	134.50000	132.50000	04:38 PM
44	AMD	387.73000	387.73000	387.73000	387.73000	08:02 AM
45	TWD	32.40700	32.41000	32.41000	32.40700	05:07 PM
46	XAU	2,313.87000	2,314.37000	2,314.37000	2,313.87000	05:06 PM
47	XAG	27.23660	27.25000	27.25000	27.23660	05:06 PM
48	XPT	973.80000	976.20000	976.20000	973.80000	02:00 AM
49	XPD	970.00000	978.00000	978.00000	970.00000	01:59 AM
2,120	VES	36.47490	36.57640	36.57636	36.47486	12:12 PM
2,212	UGX	3,723.34000	3,806.93000	3,806.93216	3,723.34497	07:19 AM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	09:39 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	73,260.09	72,761.197	72,707.96	-3.044	-0.004	269,925,733.0	14,389,774,529.910	07/05/2024 04:12 PM
ALLSHR	47,516.38	47,235.677	47,221.25	-115.474	-0.244	621,623,304.0	24,967,684,842.320	07/05/2024 04:12 PM
KSE30	23,817.72	23,625.133	23,601.16	-150.315	-0.632	91,454,277.0	9,555,771,744.300	07/05/2024 04:12 PM
KMI30	122,657.69	121,370.915	121,241.56	-789.111	-0.646	127,372,941.0	9,450,424,318.680	07/05/2024 04:12 PM
KMIALLSHR	34,078.04	33,787.987	33,770.81	-177.513	-0.523	414,143,971.0	20,346,214,961.750	07/05/2024 04:12 PM
BKTi	17,725.59	17,646.713	17,630.03	-35.953	-0.203	15,629,083.0	1,320,739,298.680	07/05/2024 04:12 PM
OGTi	17,374.06	17,096.072	17,062.92	-265.415	-1.529	18,770,053.0	2,577,165,379.890	07/05/2024 04:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,305.0	64,835.0	63,160.0	-280.00
BRENT CRUDE	EB	83.1	83.9	82.4	-0.23
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-7.05
ROTTERDAM COAL MONTHLY	ET	110.0	110.0	109.0	0.65
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	78.4	79.2	77.6	-0.12
SUGAR #11 WORLD	SB	20.0	20.0	19.4	0.47

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

TPL Corp, Abhi Ltd receive SBP’s approval to explore FINCA Microfinance Bank acquisition

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

MTL board approves amalgamation with Millat Equipment

Pakistan’s trade deficit rises 2.8x YoY in April

Asian markets build on rally as US jobs data boost rate cut hopes

Gold prices slide for 2nd straight week amid diminishing purchasing power