HBL approved Rs 6 billion investment in HBL Microfinance Bank

In a notification sent to PSX on 30/04/2024, Habib Bank Limited (HBL) has announced a Rs 6 billion equity investment in HBL Microfinance Bank Limited.

We hereby convey that the Board of Directors of Habib Bank Limited has approved an Equity Investment of up to Rs 6 Billion in its subsidiary namely HBL Microfinance Bank Limited (“HBL MfB”), in compliance with all regulatory requirements and the approval of the Shareholders of the Bank.

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The shares of HBL were last trading at Rs. 116.68 today.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →