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Mian Textile [MTIL] To Invest In Capital Market Technology Firm: PSX

admin-augaf by admin-augaf
August 23, 2021
in Business
Reading Time: 1 min read
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Mian Textile To Invest In Capital Market Technology Firm: PSX

Mian Textile To Invest In Capital Market Technology Firm: PSX

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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.


A L S O || R E A D

CSIL To Go In Court Against DSL Management For Stake Against Advances: PSX


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.”

Tags: Pakistanpakistan stock exchangePSX
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