TPL Corp Limited and Abhi (Private) Limited have jointly entered into a Share Purchase Agreement along with other definitive agreements, with FINCA Microfinance Coöperatief U.A to jointly acquire FINCA Microfinance Bank Limited.
“We are pleased to announce that subsequent to the approval of the Board of Directors of TPL Corp Limited (“TPL”), TPL and Abhi (Private) Limited have jointly entered into a Share Purchase Agreement along with other definitive agreements, with FINCA Microfinance Coöperatief U.A to jointly acquire FINCA Microfinance Bank Limited (“Acquisition”),” TLP Corp said in a notice to the PSX.
This acquisition sets the stage for a transformative expansion of financial services across the country and represents a significant milestone in the journey toward financial inclusion in Pakistan.
TPL, with its diverse business portfolio, sees this acquisition as an opportunity to enhance its impact in the financial sector and contribute to the creation of a more inclusive financial ecosystem in Pakistan.
The acquisition remains subject to regulatory approvals and closing conditions. Further developments regarding the transaction will be communicated to the PSX as they arise.
