Karachi October 10 2024: National Bank of Pakistan, the largest asset size bank of Pakistan, decided to divest its shareholding in shares of Agritech Limited, according to bank filing to the exchange.
The Board of Directors of National Bank of Pakistan (NBP) has approved the divestment of the entirety of
NBP’s shareholding in Agritech Limited, the notice states.
The details of divestment given below:
(a) 106,014,632 ordinary shares;
(b) 61,748,756 listed, convertible, non-voting, redeemable and cumulative preference shares; and
(c) 248,639,910 non-convertible, redeemable, cumulative preference shares with limited
voting rights.
The bank confirm that the divestiture transaction will be carried out in accordance with the applicable law and remains subject to the execution of definitive agreements and the procurement of necessary regulatory approvals.
