|  | 

Government & Politics

JSCL sells 70.82% shares of NMBL to acquirers – Alfalah Securities Limited

Karachi: Jahangir Siddiqui and Company Limited (JSCL) has entered into an agreement with a group of investors for the sale of 21,245,185 ordinary shares (70.82% of the total paid-up capital) at a face value of PKR 10/share of Network Microfinance Bank Limited (NMBL).

According to Alfalah Securities Limited, the company has submitted an “Escrow Agreement” to the Karachi Stock Exchange on September 12 2011, according to which shares would be transferred to the investors after completion of regulatory and legal requirements.




About Us

Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan. The website is the trustworthy business news website and its name is taken among those business websites of Pakistan.

Monthly Archives