AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 136.25 Increased By ▲ 7.28 (5.64%)
BOP 8.77 Increased By ▲ 0.92 (11.72%)
CNERGY 4.75 Increased By ▲ 0.09 (1.93%)
DCL 8.65 Increased By ▲ 0.33 (3.97%)
DFML 39.33 Increased By ▲ 0.39 (1%)
DGKC 84.50 Increased By ▲ 2.56 (3.12%)
FCCL 34.65 Increased By ▲ 1.23 (3.68%)
FFBL 76.11 Increased By ▲ 0.40 (0.53%)
FFL 12.92 Increased By ▲ 0.10 (0.78%)
HUBC 110.75 Increased By ▲ 0.39 (0.35%)
HUMNL 14.00 Decreased By ▼ -0.01 (-0.07%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.30 Increased By ▲ 1.50 (3.77%)
NBP 70.70 Decreased By ▼ -1.62 (-2.24%)
OGDC 190.51 Increased By ▲ 2.22 (1.18%)
PAEL 26.24 Increased By ▲ 0.61 (2.38%)
PIBTL 7.43 Increased By ▲ 0.06 (0.81%)
PPL 157.61 Increased By ▲ 4.94 (3.24%)
PRL 26.20 Increased By ▲ 0.81 (3.19%)
PTC 18.86 Increased By ▲ 1.16 (6.55%)
SEARL 82.47 Increased By ▲ 0.05 (0.06%)
TELE 7.87 Increased By ▲ 0.28 (3.69%)
TOMCL 34.55 Increased By ▲ 1.98 (6.08%)
TPLP 8.43 Increased By ▲ 0.01 (0.12%)
TREET 17.26 Increased By ▲ 0.48 (2.86%)
TRG 56.85 Increased By ▲ 0.81 (1.45%)
UNITY 29.25 Increased By ▲ 0.47 (1.63%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,698 Increased By 39.2 (0.37%)
BR30 31,887 Increased By 555.4 (1.77%)
KSE100 99,715 Increased By 445.6 (0.45%)
KSE30 31,042 Increased By 9.6 (0.03%)

MCB Bank has sold 17.6 percent shares owned by it in Khushhali Bank Limited (KBL) in line with UBL consortium's bid of Rs 20.44 (approximately) per share and in accordance with regulatory approvals. According to an information sent to Karachi Stock Exchange on Monday, MCB Bank Limited has entered into and executed a Share Purchase Agreement with United Bank Limited consortium.
The United Bank Limited consortium comprises of United Bank Limited, ASN-NOVIB Microkredietfonds, responsAbility Global Mircrofinance Fund, Rural Impulse Fund II S A SICAV-FIS and ShoreCap II Limited. "In terms of the agreement, the company has sold 17.6 percent shares owned by it in Khushhali Bank Limited (KBL) in line with UBL consortium's bid of Rs 20.44 (approximately) per share and in accordance with regulatory approvals," it said.

Copyright Business Recorder, 2012

Comments

Comments are closed.