Rs 20 million offered for new LSE membership

Lahore Stock Exchange (LSE) Chairman Syed Asim Zafar has said the LSE governing board has fixed Rs 20 million as minimum price for sale of a new membership of the Exchange.
"No offer, that is below Rs 20 million, will be accepted for sale of a new membership, he said, adding: "We will wait till we get the desired price."
Talking to Business Recorder, Asim Zafar said the LSE board of directors has formed a committee under the supervision of LSE chief for this purpose, which will prepare a marketing strategy to lure the prospective buyers for the new membership rights.