TPL Corp joins forces with Abhi to acquire FINCA microfinance bank
MG News | September 20, 2024 at 11:52 AM GMT+05:00
September 20, 2024 (MLN): TPL Corp Limited (PSX: TPL) and Abhi (Private) Limited have jointly entered into a Share Purchase Agreement along with FINCA Microfinance Coöperatief U.A to jointly acquire FINCA Microfinance Bank Limited.
This acquisition sets the stage for a transformative expansion of financial services across the country and represents a significant milestone in the journey toward financial inclusion in Pakistan, it said in a stock filing on Friday.
TPL, with its diverse business portfolio, sees this acquisition as an opportunity to enhance its impact in the financial sector and contribute to the creation of a more inclusive financial ecosystem in Pakistan, the company added.
"The acquisition shall remain subject to all regulatory approvals and requisite closing conditions," the notice further reads.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 119,170.00 | 119,275.00 117,905.00 | 1550.00 1.32% |
| BRENT CRUDE | 72.38 | 72.82 72.29 | -0.86 -1.17% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.99 | 70.41 69.92 | -0.01 -0.01% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|