Acquiring Escorts Bank shares: Public announcement of intention received

Updated 16 Aug, 2023

KARACHI: Escorts Investment Bank Limited has received a notice of public announcement of intention from Arif Habib Limited, who are acting as Manager to the Offer on behalf of M/S RMS (Private) Limited (the acquirer) to acquire up to 87.96 percent shares of the Escorts Investment Bank Limited.

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“The aforementioned intention has been notified to the Board of Directors of the Company”, information sent to Pakistan Stock Exchange on Tuesday said.

Copyright Business Recorder, 2023

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