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.

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

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⚠️ 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 →