Karachi August 23, 2021: Cordoba Logistics & Ventures Limited (Formerly Mian Textile Industries Limited) in its meeting held today has approved investment of PKR 31 million in Finox (Private) Limited for purchase of its 32.5 percent equity/ordinary shares of the Company.
The transaction is subject to completion of all legal formalities including execution of definitive agreement with Finox (Private) Limited.
The Directors also appointed Mr. Zeshan Afzal as Chairman of the Board of Directors with effect from 23-08-2021 in place of Ms. Anum Raza.
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Finox (Private) Limited is an award-winning capital markets technology firm that provides digital infrastructure solutions for financial institutions and investors. The firm builds cutting-edge Wealth Management, Robo-Advisory, Financial Analytics and Trade Execution Technology by leveraging Artificial Intelligence and Data Science. Leading products of the firm include: Investors Lounge, Pakistan's leading financial analytics terminal and Invest Pro, a white-label financial analytics solution."