AGL 38.69 Increased By ▲ 0.47 (1.23%)
AIRLINK 129.02 Increased By ▲ 0.05 (0.04%)
BOP 8.73 Increased By ▲ 0.88 (11.21%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.65 Increased By ▲ 0.33 (3.97%)
DFML 38.61 Decreased By ▼ -0.33 (-0.85%)
DGKC 84.99 Increased By ▲ 3.05 (3.72%)
FCCL 35.00 Increased By ▲ 1.58 (4.73%)
FFBL 75.99 Increased By ▲ 0.28 (0.37%)
FFL 12.83 Increased By ▲ 0.01 (0.08%)
HUBC 110.65 Increased By ▲ 0.29 (0.26%)
HUMNL 14.40 Increased By ▲ 0.39 (2.78%)
KEL 5.47 Increased By ▲ 0.32 (6.21%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.26 Increased By ▲ 1.46 (3.67%)
NBP 71.50 Decreased By ▼ -0.82 (-1.13%)
OGDC 191.80 Increased By ▲ 3.51 (1.86%)
PAEL 26.30 Increased By ▲ 0.67 (2.61%)
PIBTL 7.48 Increased By ▲ 0.11 (1.49%)
PPL 156.95 Increased By ▲ 4.28 (2.8%)
PRL 26.00 Increased By ▲ 0.61 (2.4%)
PTC 18.85 Increased By ▲ 1.15 (6.5%)
SEARL 83.05 Increased By ▲ 0.63 (0.76%)
TELE 7.82 Increased By ▲ 0.23 (3.03%)
TOMCL 33.00 Increased By ▲ 0.43 (1.32%)
TPLP 8.40 Decreased By ▼ -0.02 (-0.24%)
TREET 16.72 Decreased By ▼ -0.06 (-0.36%)
TRG 56.40 Increased By ▲ 0.36 (0.64%)
UNITY 28.95 Increased By ▲ 0.17 (0.59%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,781 Increased By 122.5 (1.15%)
BR30 31,929 Increased By 597.9 (1.91%)
KSE100 100,248 Increased By 979.2 (0.99%)
KSE30 31,268 Increased By 235.7 (0.76%)

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.